 UBS Bank USA (the "Bank") is a Utah industrial bank regulated by the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions. Based in Salt Lake City, Utah, the Bank offers FDIC-insured deposit accounts1 and securities backed lending services to investors. The Bank's existence enhances UBS´s wealth management capabilities, permitting our affiliate, UBS Financial Services Inc., to offer both asset and liability management services to affluent clients in the U.S. The Bank is a wholly-owned subsidiary of UBS AG, one of the largest asset managers globally. |