UBS Banco denies the exit of the Mexican financial market

The financial institution of Swiss origin UBS denied that the sale of the banking subsidiary to Grupo Financiero Afirme had the objective of leaving the Mexican market .

In a statement said that, on the contrary, "Mexico is a global strategic market for its operations, both the investment bank and the private bank."

Explained that the announcement of the sale of the subsidiary ] UBS Bank México in Afirme does not affect the services offered to its customers in the country, an operation that was due to a continuous search for improvements in its operating model that allows it to continue to position the institution towards greater growth

specified that the sale of the subsidiary included only the banking license ] irrespective of the portfolio assets employed or neither the systems nor the processes.

UBS confirmed that all investment banking activities carried out through UBS Bank Mexico have been transferred to other subsidiaries since 2017, without affecting the operations or operations of UBS Bank Mexico. employees, and reiterated that they continue to be carried out mainly by its subsidiaries

In this regard, the UBS Mexico City head, Emilio Mahuad pointed out that the institution Financial will continue to focus on growing its presence in Mexico, both in Investment Bank and Private Banking by means of differentiated and execution solutions irreproachable in all services offered to customers.

The foregoing, whether in mergers and acquisitions, capital or debt investments, brokerage of management of capital or money, among others, stated

CPR