
It all started with the UBS brand campaign—which we re-launched last year (2015). We were clear that we wanted to put people in the centre of what we do and do what reflects UBS. We wanted to portray successful people, individuals who have achieved a lot in their life, and we were also looking for a photographer. And since we dare to go for the best, Annie Leibovitz was number one on our list. We talked to Annie and she proposed a continuation of her WOMEN project that was first published in 1999. We felt that portraits of women is a great topic for us because diversity plays a major role within UBS.
I recently received a comment from a member of the UBS executive committee members which sums it up nicely. He said, ‘even if we no longer sponsor art, we are still IN art’. This really summarises UBS’s dedication to the arts and the history behind this dedication. It is part of our history and part of our story. Within our own UBS Art Collection, we are serious collectors. We also have an internal art board (which I sit on).
UBS has collected art for many, many years. We have significant artworks. The UBS Art Collection consists of over 30,000 objects and includes thousands of contemporary works by artists ranging from the newest emerging talents to some of the most important artists of the last 50 years. We are deeply entrenched in the art world and have been for many years.
For me, personally, I don’t buy art as an investment, I buy art that I like and enjoy. Likewise, at UBS, we are collectors and we are passionate about art. Therefore, being a sponsor in the art world is a natural progression for us. It builds on our own passion and our history.
For us, it is mainly two things. Firstly, it is brand presence. We want people to know about the UBS brand. And secondly we need hospitality platforms. If you look at our art sponsorship programs, Art Basel is the flagship. It’s present in three markets, it reflects our global scale, it generates hospitality opportunities, it generates UBS brand presence and presence in the art world. And presence in the art world is not easy to acquire; Art Basel offers that authenticity for us. It is a natural fit. We also have the Guggenheim UBS MAP Art Initiative and our institutional partnerships throughout the world. It is a very strong commitment to the arts.
Art completes the overall UBS brand strategy in a very nice way. Art is a more difficult area to sponsor. With sport, there is a lot of brand presence, but with art you have to be very serious and you have to prove your commitment. You know, in sports you sponsor a golf tournament or you sponsor a Formula 1 race, and you are there and, by being there, you make a statement. However, with art. it’s not that easy. You can’t go to an exhibition or institution and just put your logo up and expect everyone to take you seriously. That’s the beauty. When we choose to sponsor something like the Louisiana Museum of Modern Art [UBS is Sponsor of the Louisiana Learning, the museum’s educational activities], we are not just sponsoring the Louisiana, we arrive with the entire UBS global art commitment behind us. We can talk about the whole story, Art Basel, the Guggenheim Foundation, the UBS Art Collection etc. It really reflects who we are and our passion and dedication.
Yes, there is a client element to these programs and events, and we enjoy showcasing it to them.
In terms of assisting our clients, we do have a small art advisory section in Switzerland where we offer certain art advisory services. However, for UBS, the contemporary art sponsorship program is more showcasing that we share a passion for art. For example, with our Guggenheim UBS MAP project, we really promote and help young up and coming curators. Under the project, the Guggenheim invites one curator from each region (South & Southeast Asia, Latin America and Middle East & North Africa) to participate in overlapping two-year residencies in New York, during which they work with the Guggenheim staff to identify and select collections of new or recent artworks.
No; we left that to the artist. There may be some risk in that, but in this case it is a calculated risk with someone like Annie Leibovitz. It’s a necessary freedom for the artist. The new portraits feature women of outstanding achievement including artists, musicians, CEOs, politicians, writers and philanthropists.
As I mentioned, there are two reasons for this project—a practical one in terms of the brand awareness, and then this [Annie Leibovitz] exhibition which is also a showcase for diversity in that it profiles and celebrates women. The world still has work to do with regards to women’s issues. Although, I do feel Asia is better, in all fairness, when it comes to women in management and within key stakeholders. There is a sense of progress here in Asia. Although there is still work to do.
For me personally, I get used to the diversity topic, it is something important within UBS and something we are championing in all areas. From a personal perspective, I was born and raised by my mother only; my father passed away when I was 4 years old. My mom was the one cooking, sewing and also the one changing tires and doing that side of things as well. So when I came to work in a financial institution, I didn’t really completely understand the need to push this agenda because it was a non-issue for me on a personal level. However, then I understood it, and appreciated that we really need to be leaders in championing diversity; it is important at a social level.
My team is comprised of 75% women, so maybe I face the diversity issue in reverse … and we also need to be conscious of that. Diversity is broader than a women’s issue … it is about inclusion. —[O]
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