SAN FRANCISCO--(BUSINESS WIRE)--Robert J. McCann, Chief Executive Officer of UBS Group Americas, hosted an exclusive event in San Francisco, California, on May 9, 2013, featuring a conversation with President Bill Clinton and President George W. Bush. The event was part of the firm’s ongoing Revitalizing America initiative, which aims to forge common ground and discuss nonpartisan ways to revitalize the U.S. economy. The session yielded insights from both Presidents on a range of issues surrounding the nation’s economic recovery, including job creation, the national debt, the role of capital markets, U.S. competitiveness and leadership.
The evening began with a discussion focused on the theme, “Investing in Innovation,” which featured Bob Doll, Chief Equity Strategist and Senior Portfolio Manager at Nuveen Asset Management, Glenn Hutchins, Co-Founder of Silver Lake, and Andrew Yang, Founder and CEO of Venture for America. The conversation, moderated by Mona K. Sutphen, Managing Director, Geopolitical and Policy Risk at UBS AG, was delivered to a group of high net worth clients and investors, and featured a range of perspectives on topics including the future “hot spots” of innovation in the U.S. and the challenges facing the nation in further developing these areas.
“UBS Americas established the Revitalizing America initiative in direct response to clients’ concerns about the state of our nation, and their call for solutions-oriented conversation on how best to re-ignite the U.S. economy,” McCann stated following the event. “In light of the gridlock in Washington, now more than ever our clients crave insights that will drive action. I am convinced tonight’s conversation delivered just that.”
In conjunction with the event, UBS Americas announced two strategic partnerships with nonprofit organizations dedicated to supporting job creation and community development across the United States. The partnerships represent a key step in UBS Americas’ efforts to refocus its strategic philanthropic approach toward providing under-resourced, high-potential individuals access, advice and education to develop more enterprising local communities.
Specifically, UBS announced partnerships with the following organizations:
- Venture for America (VFA): UBS will invest $1.2 million over three years to support core VFA program areas of education and training. This includes taking a lead investment position in the Summer Training Institute, an intensive training program to provide VFA fellows with core skills and training before beginning their placements. Venture for America is a nonprofit organization that recruits top college graduates to work for two years at emerging start-ups and early-stage companies in cities with high potential for revitalization. UBS’s investment will allow VFA to build its capacity to grow, increasing its pro bono access to resources and expertise from UBS.
- American Corporate Partners (ACP): UBS will invest $100,000 in ACP in 2013 to provide ongoing programmatic support related to approximately 100 year-long, career-focused mentoring relationships between UBS senior staff and ACP veterans. In addition, UBS employees will offer support to a broader population of veterans through AdvisorNet, the organization’s online network of volunteer advisors. American Corporate Partners is a nonprofit organization dedicated to assisting veterans in their transition from the armed services to the civilian workforce. UBS’s investment will contribute to the organization’s efforts to do so through direct mentorship.
“Our announcement today underscores UBS Americas’ vision of creating a stronger America where everyone has the opportunity to fulfill their potential and achieve financial independence,” said McCann. “Venture for America and American Corporate Partners have clear mandates to take actionable steps at the very heart of what it will take to get the American economy going again – with two important bastions of our future: the next generation of entrepreneurs and our veterans. That makes them the ideal partners for our mission.”
The new partnerships are an extension of UBS Group Americas Community Affairs’ flagship program, Elevating Entrepreneurs. To learn more, please visit: http://www.ubs.com/smallbusiness.
To learn more about UBS’s Revitalizing America initiative, including the Presidential Conversation series, please visit: www.ubs.com/revitalizingamerica.
Notes to Editors
About UBS Americas Revitalizing America Initiative
Launched in response to investors’ deep concerns about America’s long-term economic growth, UBS Americas’ Revitalizing America initiative comprises a series of private client engagements and programs that UBS is hosting aimed at forging common ground and discussing how, together, we can revitalize the U.S. economy.
UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will expand its premier wealth management franchise and drive further growth across the Group.
UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS employs about 62,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
About American Corporate Partners
American Corporate Partners (ACP; www.acp-usa.org) is a New York-based national nonprofit organization founded in 2008 to address veterans' career transition needs through two free programs: a nationwide veteran mentoring program, and an online network, ACP AdvisorNet (www.acp-advisornet.org), offering career, employment and small business advice through a Q&A platform. More than 40 institutions nationwide have partnered with ACP's Veteran Mentoring Program to offer free corporate mentorships to the brave men and women who have served our nation.
About Venture for America
Venture for America is non-profit organization that sends top college graduates to support start-ups and emerging growth businesses in the cities that need them for two years with the goals of fostering job creation and training our best and brightest to become company founders and leaders. Venture for America seeks to create 100,000 jobs by 2025, and launched in Detroit, New Orleans, Providence, Cincinnati, and Las Vegas in 2012. The first class of Venture for America Fellows includes graduates from Harvard, Yale, MIT, Brown, Duke, Penn, Cornell, Northwestern, and other top schools. See www.ventureforamerica.org/2012fellows for more information.