In 1968, Schweizerischer Bankverein (SBV) also known as Swiss Bank Corporation (SBC), opens its offices in Bogotá, Colombia. Later during 1970, Schweizerische Bankgesellshaft (SBG) also known as The Union Bank of Switzerland (UBS), opens its offices in Bogotá, Colombia. Fast forward eighteen years, in 1998, a merger between SBC and SBG or The Union Bank of Switzerland and creation of UBS AG is made. November 1998, the license for the opening of the representative office for UBS AG in Colombia is obtained. Finally during march of 2016, the license of the representative office is extended to UBS Switzerland AG.
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