NEW YORK--(BUSINESS WIRE)--UBS announced today that it intends to extend its relationship with Solium Capital Inc. (Solium) to create a new corporate equity plan platform called, UBS "Plan Admin Pro". The new platform will leverage Solium's market leading Shareworks technology and will provide UBS corporate clients access to cutting edge, cloud-enabled equity plan administration capabilities. Roll out will begin in the third quarter of this year.
"Clients tell us that state-of-the-art technology is top of mind for them," said Michael Barry, Head of Equity Plan Advisory Services, UBS Wealth Management Americas." Delivering Solium's technology provides a multi-faceted platform, and allows us to focus on accelerating an enhanced participant experience. We will continue to own and deliver all aspects of service delivery to our clients and are firmly committed to helping both our corporate clients and participants achieve success."
EPAS is a leading provider of wealth management and recordkeeping services for corporate equity compensation plans. EPAS services over 180 corporations and 1 million employee participants in over 100 countries and is the only provider who delivers both education and advice to all levels of employee, from executives to broad based employees. This is accomplished through our Financial Advisors and digital channel, UBS One Source. Once UBS Plan Admin Pro is implemented, UBS corporate clients will have immediate access to over 50 new features, as well as enhanced analytics, scalability and efficiency.
This strategic partnership with Solium is part of a larger digital strategy for Wealth Management Americas to develop customized digital tools that will enhance and expand services to clients. UBS has announced strategic alliances and partnerships with leading fintech companies and launched an Advisor Technology Research & Innovation Lab working with SigFig, to develop digital solutions and next-generation technological capabilities for clients.
About UBS AG
UBS AG provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. EPAS is part of Wealth Management Americas. 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, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.
UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
About Solium Capital Inc.
Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for global equity administration, financial reporting and compliance. From offices in the United States, Canada, the United Kingdom, Europe and Australia, our innovative software-as-a-service (SaaS) technology powers share plan administration and equity transactions for more than 3,000 corporate clients with employee participants in more than 100 countries. Follow us @Solium and visit us at solium.com.
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