UBS and the London Stock Exchange Group (LSEG) have signed a multi-year strategic partnership which will see the bank adopt LSEG’s full suite of data and analytics solutions.
Sergio Ermotti
Specifically, the suite will be applied across asset classes, business franchises and the trade lifecycle at UBS.
Sergio Ermotti, chief executive at UBS, said: “this expanded partnership reflects our shared commitment to innovation, efficiency, and delivering differentiated value to our clients.
“As we continue to execute on our integration strategy, the longstanding trusted partnership with LSEG will be important in unlocking synergies, supporting scalable and long-term revenue growth across the Group.”
The decision is set to contribute to cost synergies and operational efficiencies, according to UBS.
The consolidation of data infrastructure, enhancement of data cataloguing, and streamlining of data governance and access across the bank is set to be particularly beneficial for clients.
UBS is also set to leverage the LSEG Workspace offering, including cloud-native analytics, AI-powered modelling tools, and enhanced interoperability across platforms.
“Our focus is on delivering high-quality, multi-asset class solutions that support our partners’ and customers’ evolving needs,” said David Schwimmer, chief executive, LSEG.
“We look forward to working closely with UBS to enable mutual, sustainable growth for both organisations, and the wider market.”