UBS AG is a global, integrated investment services firm and bank, domiciled in Switzerland. UBS' business is managed through four main business groups and its Corporate Center. The business groups are UBS Switzerland, UBS Warburg, UBS PaineWebber and UBS Asset Management. The Company's clients include international corporations, small and medium-sized businesses in Switzerland, governments and other public bodies, financial institutions, market participants and individuals. UBS was formed on June 29, 1998, by the merger of two Swiss financial services groups: Union Bank of Switzerland (founded 1860) and Swiss Bank Corporation (founded 1854).