UBS has extended its partnership with the Mercedes-AMG Petronas Formula 1 team, which began in 2011.
This renewal demonstrates the bank's dedication to innovation, talent, and teamwork, as emphasized by Iqbal Khan, Co-Chairman of UBS Global Wealth Management.
The collaboration has coincided with the team's impressive track record, including seven drivers' and eight constructors' world championship titles.
The Formula 1 partnership is an important aspect of UBS Private Banking, increasing the bank's visibility at racing events and client engagements.
CEO Sergio Ermotti and other executives frequently attend these races, strengthening the relationship.
The recent Singapore Grand Prix attracted a large crowd of approximately 250,000 fans, although the Mercedes team did not achieve a podium finish, with Lando Norris from McLaren securing first place.