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<br /> Retrospettiva 2011<br /> Le nostre attività nel 2011<br /> <br /> Riepilogo<br /> 2 150 anni di UBS: retrospettiva e prospettive future<br /> 4 Un viaggio attraverso tre secoli<br /> 12 Risultati finanziari 2011<br /> 13 La nostra strategia<br /> 22 Wealth Management<br /> 27 Retail & Corporate<br /> 30 Wealth Management Americas<br /> 34 Global Asset Management<br /> 40 Investment Bank<br /> 45 Corporate Center<br /> 48 Il nostro Consiglio di amministrazione<br /> 50 Il nostro Direttorio del Gruppo<br /> 52 Corporate responsibility<br /> 54 Fonti d’informazione<br /> La presente rassegna annuale è fornita per comodità dei nostri investitori, clienti e altri stakeholder che gradiscono una breve panoramica della nostra attività, strategia e perfor­<br /> mance nel 2011. Per ulteriori informazioni si prega di consultare la relazione annuale 2011. Maggiori indicazioni su come procurarsi il rapporto annuale e altre informazioni di<br<a title="Annual review 2011 - it page 1" href="http://viewer.zmags.com/publication/a44bb33d?page=1"> Retrospettiva 2011 Le nostre attività</a> <a title="Annual review 2011 - it page 2" href="http://viewer.zmags.com/publication/a44bb33d?page=2"> </a> <a title="Annual review 2011 - it page 3" href="http://viewer.zmags.com/publication/a44bb33d?page=3"> Riepilogo 2 150 anni di UBS: retrospettiva </a> <a title="Annual review 2011 - it page 4" href="http://viewer.zmags.com/publication/a44bb33d?page=4"> 150 anni di UBS: retrospet- tiva e prospettive fu</a> <a title="Annual review 2011 - it page 5" href="http://viewer.zmags.com/publication/a44bb33d?page=5"> Sergio P. Ermotti, Group Chief Executive Officer,</a> <a title="Annual review 2011 - it page 6" href="http://viewer.zmags.com/publication/a44bb33d?page=6"> Un viaggio attraverso tre secoli In occasione de</a> <a title="Annual review 2011 - it page 7" href="http://viewer.zmags.com/publication/a44bb33d?page=7"> La Società di Banca Svizzera sorge dal raggruppam</a> <a title="Annual review 2011 - it page 8" href="http://viewer.zmags.com/publication/a44bb33d?page=8"> La Banca a Winterthur, prospera fin dall’inizio, </a> <a title="Annual review 2011 - it page 9" href="http://viewer.zmags.com/publication/a44bb33d?page=9"> Il simbolo delle chiavi della SBS e il logo dell’</a> <a title="Annual review 2011 - it page 10" href="http://viewer.zmags.com/publication/a44bb33d?page=10"> Nel 1998 si è verificato il principale evento che</a> <a title="Annual review 2011 - it page 11" href="http://viewer.zmags.com/publication/a44bb33d?page=11"> 2012 UBS festeggia il suo 150° anniversario. </a> <a title="Annual review 2011 - it page 12" href="http://viewer.zmags.com/publication/a44bb33d?page=12"> </a> <a title="Annual review 2011 - it page 13" href="http://viewer.zmags.com/publication/a44bb33d?page=13"> I nostri risultati finanziari e la nostra strateg</a> <a title="Annual review 2011 - it page 14" href="http://viewer.zmags.com/publication/a44bb33d?page=14"> Risultati finanziari 2011 Per l’esercizio 2011</a> <a title="Annual review 2011 - it page 15" href="http://viewer.zmags.com/publication/a44bb33d?page=15"> La nostra strategia UBS è una società di servi</a> <a title="Annual review 2011 - it page 16" href="http://viewer.zmags.com/publication/a44bb33d?page=16"> essenziale per il Gruppo in termini sia di ricavi</a> <a title="Annual review 2011 - it page 17" href="http://viewer.zmags.com/publication/a44bb33d?page=17"> prosecuzione della crescita dei saldi derivante d</a> <a title="Annual review 2011 - it page 18" href="http://viewer.zmags.com/publication/a44bb33d?page=18"> tutti i nostri collaboratori, a qualsiasi livello</a> <a title="Annual review 2011 - it page 19" href="http://viewer.zmags.com/publication/a44bb33d?page=19"> santi opportunità di crescita. Puntiamo a increme</a> <a title="Annual review 2011 - it page 20" href="http://viewer.zmags.com/publication/a44bb33d?page=20"> La nostra diversificazione e le nostre dimensioni</a> <a title="Annual review 2011 - it page 21" href="http://viewer.zmags.com/publication/a44bb33d?page=21"> L’Investment Bank è essenziale per il successo di</a> <a title="Annual review 2011 - it page 22" href="http://viewer.zmags.com/publication/a44bb33d?page=22"> Riduzione del rischio e rafforzamen­ to della bas</a> <a title="Annual review 2011 - it page 23" href="http://viewer.zmags.com/publication/a44bb33d?page=23"> Le nostre attività 21</a> <a title="Annual review 2011 - it page 24" href="http://viewer.zmags.com/publication/a44bb33d?page=24"> Wealth Management Con sede in Svizzera e una p</a> <a title="Annual review 2011 - it page 25" href="http://viewer.zmags.com/publication/a44bb33d?page=25"> Attività Wealth Management fornisce una gamma co</a> <a title="Annual review 2011 - it page 26" href="http://viewer.zmags.com/publication/a44bb33d?page=26"> #VVKXKKPXGUVKVKRGTENCUUGFKCVVKXK +PUCNXQFQXGKPFK</a> <a title="Annual review 2011 - it page 27" href="http://viewer.zmags.com/publication/a44bb33d?page=27"> efficacia. Global FIM è presente in 11 sedi svizz</a> <a title="Annual review 2011 - it page 28" href="http://viewer.zmags.com/publication/a44bb33d?page=28"> )GUVKQPGGEQPUWNGP\CKPOCVGTKCFoKPXGUVKOGPVKsEQORQP</a> <a title="Annual review 2011 - it page 29" href="http://viewer.zmags.com/publication/a44bb33d?page=29"> Retail & Corporate Occupiamo una posizione di </a> <a title="Annual review 2011 - it page 30" href="http://viewer.zmags.com/publication/a44bb33d?page=30"> $WUKPGUUOKZ +P 2GTNoCPPQEQPENWUQUKKN </a> <a title="Annual review 2011 - it page 31" href="http://viewer.zmags.com/publication/a44bb33d?page=31"> Struttura organizzativa La business unit Retail </a> <a title="Annual review 2011 - it page 32" href="http://viewer.zmags.com/publication/a44bb33d?page=32"> Wealth Management Americas Wealth Management A</a> <a title="Annual review 2011 - it page 33" href="http://viewer.zmags.com/publication/a44bb33d?page=33"> Attività Wealth Management Americas è uno dei ge</a> <a title="Annual review 2011 - it page 34" href="http://viewer.zmags.com/publication/a44bb33d?page=34"> l'intenzione di continuare ad investire nel perfe</a> <a title="Annual review 2011 - it page 35" href="http://viewer.zmags.com/publication/a44bb33d?page=35"> 2TGUGP\CIGQITCƂECUWKRTKPEKRCNKOGTECVK| %CNICT[ </a> <a title="Annual review 2011 - it page 36" href="http://viewer.zmags.com/publication/a44bb33d?page=36"> Global Asset Management Global Asset Managemen</a> <a title="Annual review 2011 - it page 37" href="http://viewer.zmags.com/publication/a44bb33d?page=37"> 5VTWVVWTCQRGTCVKXC .GECRCEKV¼FoKPXGUVKOGPVQUQPQE</a> <a title="Annual review 2011 - it page 38" href="http://viewer.zmags.com/publication/a44bb33d?page=38"> #VVKXKKPXGUVKVKRGTECPCNG KPUCNXQCNVTKOGPVKKPFKECV</a> <a title="Annual review 2011 - it page 39" href="http://viewer.zmags.com/publication/a44bb33d?page=39"> %CRCEKV¼FoKPXGUVKOGPVQGUGTXK\K| 'SWKVKGU %QTG </a> <a title="Annual review 2011 - it page 40" href="http://viewer.zmags.com/publication/a44bb33d?page=40"> #VVKXKKPXGUVKVKRGTTGIKQPG +PUCNXQCNVTKOGPVKKPFKE</a> <a title="Annual review 2011 - it page 41" href="http://viewer.zmags.com/publication/a44bb33d?page=41"> Global investment solutions offre soluzioni di as</a> <a title="Annual review 2011 - it page 42" href="http://viewer.zmags.com/publication/a44bb33d?page=42"> Investment Bank Investment Bank offre un’ampia</a> <a title="Annual review 2011 - it page 43" href="http://viewer.zmags.com/publication/a44bb33d?page=43"> .CPQUVTCUVTCVGIKC %QUC! %NKGPVK! %QOG! </a> <a title="Annual review 2011 - it page 44" href="http://viewer.zmags.com/publication/a44bb33d?page=44"> 2016. Nel nostro piano operativo stimiamo che la </a> <a title="Annual review 2011 - it page 45" href="http://viewer.zmags.com/publication/a44bb33d?page=45"> Concorrenza I nostri principali concorrenti sono</a> <a title="Annual review 2011 - it page 46" href="http://viewer.zmags.com/publication/a44bb33d?page=46"> l’area Macro è composta dalle attività di vendita</a> <a title="Annual review 2011 - it page 47" href="http://viewer.zmags.com/publication/a44bb33d?page=47"> Corporate Center Il Corporate Center consente </a> <a title="Annual review 2011 - it page 48" href="http://viewer.zmags.com/publication/a44bb33d?page=48"> quadro globale sul livello dei servizi, che assic</a> <a title="Annual review 2011 - it page 49" href="http://viewer.zmags.com/publication/a44bb33d?page=49"> La nostra corporate governance e responsibility </a> <a title="Annual review 2011 - it page 50" href="http://viewer.zmags.com/publication/a44bb33d?page=50"> Consiglio di amministrazione </a> <a title="Annual review 2011 - it page 51" href="http://viewer.zmags.com/publication/a44bb33d?page=51"> 1 2 3 4 5 6 7 8 9 10 11 1 Kaspar</a> <a title="Annual review 2011 - it page 52" href="http://viewer.zmags.com/publication/a44bb33d?page=52"> Direttorio del Gruppo </a> <a title="Annual review 2011 - it page 53" href="http://viewer.zmags.com/publication/a44bb33d?page=53"> 1 2 3 4 5 6 7 8 9 </a> <a title="Annual review 2011 - it page 54" href="http://viewer.zmags.com/publication/a44bb33d?page=54"> Corporate responsibility Nel 2011 abbiamo cont</a> <a title="Annual review 2011 - it page 55" href="http://viewer.zmags.com/publication/a44bb33d?page=55"> Riconoscimenti per i nostri sforzi Le nostre att</a> <a title="Annual review 2011 - it page 56" href="http://viewer.zmags.com/publication/a44bb33d?page=56"> Fonti d’informazione Pubblicazioni di reportin</a> <a title="Annual review 2011 - it page 57" href="http://viewer.zmags.com/publication/a44bb33d?page=57"> Informazioni societarie La denominazione legale </a> <a title="Annual review 2011 - it page 58" href="http://viewer.zmags.com/publication/a44bb33d?page=58"> Cautionary Statement Regarding Forward­Looking St</a> <a title="Annual review 2011 - it page 59" href="http://viewer.zmags.com/publication/a44bb33d?page=59"> </a> <a title="Annual review 2011 - it page 60" href="http://viewer.zmags.com/publication/a44bb33d?page=60"> UBS SA Casella postale, CH-8098 Zurigo Casella po</a>