Posted inBusiness moves

UBS renews partnership with Mercedes-AMG Petronas Formula One team

The relationship extends back to 2011.

UBS at the weekend’s Singapore Grand Prix announced the renewal of its partnership with the Mercedes-AMG Petronas Formula One Team. The bank has been part of the team’s partner family since 2011, during which time the team has successfully clinched seven drivers’ and eight constructors’ world championships.

Iqbal Khan, co-president UBS Global Wealth Management and president UBS Asia-Pacific commented: “We are proud to extend our long-term partnership with the Mercedes-AMG Petronas Formula One Team”.

“The partnership reflects our shared values: a commitment to innovation, talent and teamwork, which all drive performance,” he added.

 Toto Wolff, team principal & CEO of the Mercedes-AMG Petronas Formula One Team, said: “UBS has been an important member of our partner family ever since we began our relationship back in 2011. It is no surprise to me that we have enjoyed such a long-standing relationship given our shared values and goals”.

“We both strive for excellence, maintain the highest standards, and share a commitment to sustainable performance. It is fantastic to extend our partnership yet again and we look forward to working together for many more years to come.”

Since Singapore has hosted Formula 1’s first night race in 2008, more than 930 million have spectators watched the racing on this unique three mile street circuit that winds its way through the city centre.

More than 250,000 fans were expected during the September 20-22 event in Singapore, which was won by Lando Norris in a McLaren.

Left to right in the main photo: George Russell, driver for Mercedes-AMG Petronas Formula One Team; Iqbal Khan, co-president UBS Global Wealth Management and president UBS Asia-Pacific; Toto Wolff, team principal & CEO of the Mercedes-AMG Petronas Formula One Team; Lewis Hamilton, driver for Mercedes-AMG Petronas Formula One Team.

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