RBC Bearings, Inc. engages in the design, manufacture, and marketing of engineered precision bearings and products. It operates through the following segments: Plain Bearings, Roller Bearings, Ball Bearings and Engineered Products. The Plain Bearings segment produces self-lubricating, metal-to-metal designs and other sub-classes, including rod end bearings, spherical plain bearings, and journal bearings. The Roller Bearings segment manufactures anti-friction products that utilize cylindrical rolling elements. The Ball Bearings segment offers high precision aerospace, airframe control, and thin section and industrial ball bearings. The Engineered Products segment consists engineered hydraulics and valves, fasteners, precision mechanical components, and machine tool collets used in aircraft and submarine applications, as well as aerospace and defense aftermarket services. The company was founded in 1919 and is headquartered in Oxford, CT.
UBS Group AG operates as a holding company with four main business segments: wealth management (50.9% of revenues), investment banking (20.8%), retail and corporate banking (20.2%), and asset management (6.3%). By the end of 2023, the Group is expected to manage USD 792 billion in deposits and USD 639.8 billion in loans. RBC maintains a Buy rating on the company.
Raffles Family Office has strengthened its Hong Kong team by welcoming former UBS executives Barry Tse and Cherie Liu. Tse will serve as Managing Director of Relationship Management, while Liu takes on the role of Head of Marketing and Communications, bringing extensive experience from UBS and Credit Suisse. Additionally, the firm has made several key appointments, including Chris Chong as a board advisor and Terence Chow as Chief Operating Officer, reinstating the COO role after a vacancy since 2021.
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