UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook. Headquartered in Zurich, Switzerland, UBS has offices in 52 countries, including all major financial centres, and employs approximately 60,000 people. UBS Group AG is the holding company of the UBS Group. Under Swiss company law, it is organized as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors.