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UBS UBS Group AG

27.23
0.41 (1.53%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
UBS Group AG NYSE:UBS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.41 1.53% 27.23 27.24 26.975 27.13 2,124,016 01:00:00

UBS to Invest $200 Million via Fintech-Focused Venture Fund

27/10/2020 5:00pm

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By Joshua Kirby

 

UBS Group AG plans to invest $200 million in digital and fintech ventures via a new portfolio, the Swiss bank said Tuesday.

The UBS Next portfolio will target direct investments into early-stage fintech and other tech ventures, and will begin with a partnership with fintech-focused venture capital fund Anthemis, UBS said.

UBS Next will be funded entirely by UBS and managed by a tech-investment team, the bank said.

 

Write to Joshua Kirby at joshua.kirby@dowjones.com

 

(END) Dow Jones Newswires

October 27, 2020 12:45 ET (16:45 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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