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UBS stated that the sale of its banking license (UBS Bank Mexico) to Grupo Financiero Afirme, does not in any way affect the services it offers to its clients.
In a statement, the entity explained that the sale of the subsidiary included only the banking license, without regard to any customer, employee or asset, nor any systems or any process.
He added that all the investment banking activities carried out by UBS Bank México ] have been transferred to other subsidiaries since 2017, without affecting the operations or the employees, and that continue to be achieved primarily through their other activities as brokerage firms.
In the UBS document, he pointed out that Mexico is a strategic market at the global level for its investment banking and private banking operations, and that the sale of its banking license is due to a constant search for improvements in its operating model that allow it to continue to position itself for more sustainable and profitable growth.
UBS has been in Mexico for 55 years and currently employs more than 160 people in the country with offices in the city. Mexico, Monterrey and Guadalajara.
"It is important to emphasize that UBS continues to develop its presence in Mexico, both in investment banking and in private banking, through differentiated solutions and flawless execution in all services. that we offer to our clients and acquisitions, capital or debt investments, capital brokerage, money management, among others, "said Emilio Mahuad, UBS Mexico's chief executive officer.
It is since 2016 that UBS has announced its intention to stop operating as a bank in Mexico, but to continue on the local market through its other subsidiaries. [19659002] Last Friday it was announced that Afirme had bought his banking license.
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