The purpose of the company is to acquire, hold, manage and dispose of direct and indirect participations in companies in the financial services sector. In addition, the company may engage in all activities that are directly or indirectly related to this purpose and, in particular, perform strategic, coordinating, regulatory and advisory functions with regard to its participations or other group companies, provided that they have a subordinate character compared to the activities under paragraph 1. The company may establish branches and subsidiaries in Switzerland and abroad. The company is part of the group controlled by UBS Group AG as the parent company. It may promote the interests of the group parent company or other group companies. The company may grant loans, guarantees and other forms of financing and security to group companies and raise and invest funds on the money and capital markets.