UBS and London Stock Exchange Group Form Strategic Partnership
Financing secured by Credibur in the amount of $2.2M for the development of a credit infrastructure platform in Germany
UBS Group AG and the London Stock Exchange Group (LSEG) have entered into a long-term agreement, marking a significant step for UBS's integration strategy and revenue growth. The partnership is set to contribute to enhanced decision-making and innovation across UBS's global operations, while also supporting the wider market's growth.
As part of the agreement, UBS will integrate LSEG's data products, including those acquired through Refinitiv in 2021, into its internal platform, UBS Quotes. These solutions will cater to a wide range of financial market data needs. The partnership is described as "multi-year," although the exact term and financial details were not disclosed.
For UBS, the partnership is expected to help unlock synergies and support long-term revenue growth, particularly during the integration of Credit Suisse, which UBS acquired in 2023 for $3.4 billion. The collaboration aims to deliver cost synergies and enable UBS to respond more effectively to evolving market demands.
Sergio P. Ermotti, CEO of UBS, emphasizes the partnership's focus on innovation and delivering value to clients. He states, "This partnership is a testament to our commitment to innovation and our focus on delivering the best possible outcomes for our clients."
For LSEG, the partnership solidifies its position as a key provider of financial data and analytics solutions. David Schwimmer, CEO of LSEG, expresses a focus on delivering multi-asset class solutions to support partners' and customers' needs. He says, "We are excited to partner with UBS and look forward to working together to deliver innovative, data-driven solutions that meet the evolving needs of our clients."
As part of the agreement, UBS will gain access to next-generation functionalities through LSEG Workspace, including cloud-native analytics, AI-driven modelling tools, and greater interoperability with platforms like Microsoft Excel and Microsoft Teams. Both UBS and LSEG look forward to fostering mutual, sustainable growth through their collaboration.
In conclusion, this strategic partnership aligns UBS with a leading data provider, enhancing its capabilities while supporting its growth and integration efforts. For LSEG, it reinforces its commitment to providing comprehensive data solutions to major financial institutions. The partnership is expected to deliver significant benefits for both parties in the long run.
[1] UBS Group AG. (2023). UBS enters into a long-term partnership with London Stock Exchange Group to accelerate its data and analytics capabilities. Retrieved from https://www.ubs.com/news/press-releases/en/2023/01/UBS-enters-into-a-long-term-partnership-with-London-Stock-Exchange-Group-to-accelerate-its-data-and-analytics-capabilities.html
[3] London Stock Exchange Group. (2023). UBS and London Stock Exchange Group announce partnership to accelerate UBS's data and analytics capabilities. Retrieved from https://www.lseg.com/news/press-releases/2023/01/ubs-and-london-stock-exchange-group-announce-partnership-to-accelerate-ubs-s-data-and-analytics-capabilities
- This partnership between UBS Group AG and the London Stock Exchange Group (LSEG) will see UBS integrate LSEG's data products, including those from Refinitiv, to boost its financial market data needs and contribute to innovative decision-making across its global operations.
- As advances in technology continue to disrupt the finance and business sectors, the partnership between UBS and LSEG aims to deliver next-generation functionalities, such as cloud-native analytics, AI-driven modelling tools, and greater interoperability with popular platforms like Microsoft Excel and Microsoft Teams, to remain competitive and cater to evolving market demands.
