Westfield, NJ — John E. Geoghan, Managing Director – Central NJ Complex Director, and Matt Power, Senior Vice President-Wealth Management – Branch Manager, both Westfield residents, announced the grand opening of the recently expanded and renovated UBS Financial Services Inc. office in Westfield. The celebration took place on Tuesday, Aug. 25, 2015. UBS allocated over $1.25 million to improve its office space in Westfield. The project, which began over twelve months ago, expanded Westfield's office to 15,000 square feet of office space. The improvements included the renovation of existing offices, new furniture and upgrading the technology available in the conference rooms.
According to Matt Power, "The renovation of our office creates a modern professional environment for our advisors, colleagues and their clients. I have been very pleased with all of the positive comments that we have received from visitors to our office."
John Geoghan noted, "The office now represents our high standards and better reflects the exceptional quality of the financial advisors and support staff we have in our office."
Additionally, Power noted "They should also be commended for their hard work and productivity which allowed us to re-invest in our office. I am very thankful to work with such a great group of professionals. I also want to thank and congratulate John Geoghan for having a vision for our office and accomplishing this project."
The UBS Westfield office has 20 financial advisors. According to McLagan, an independent management consulting firm that provides marketplace data to global financial services firms, UBS has 24 percent market share of the Westfield market area, which is the #1 market share amongst its major competitors.
UBS is committed to providing private, institutional and corporate clients worldwide, as well as retail clients in Switzerland, with superior financial advice and solutions while generating attractive and sustainable returns for shareholders. Its strategy centers on its Wealth Management and Wealth Management Americas businesses and its leading universal bank in Switzerland, complemented by its Global Asset Management business and its Investment Bank.
These businesses share three key characteristics: they benefit from a strong competitive position in their targeted markets, are capital-efficient, and offer a superior structural growth and profitability outlook. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates. Capital strength is the foundation of its success.
Headquartered in Zurich, Switzerland, UBS has offices in more than 50 countries, including all major financial centers, and approximately 60,000 employees. UBS Group AG is the holding company of the UBS Group. Under Swiss company law, UBS Group AG is organized as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors. The operational structure of the Group comprises the Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Retail & Corporate, Global Asset Management and the Investment Bank. www.ubs.com/media