UBS renews partnership with Mercedes-AMG Petronas F1 team
Length of extension not announced, but it is understood to be a multi-year agreement
UBS has renewed its longstanding partnership with the Mercedes-AMG Petronas Formula 1 (F1) team, extending a deal that has been in place since 2011.
In those 13 years, the team – with the likes of four-time Singapore Grand Prix champion Lewis Hamilton, Nico Rosberg and Valtteri Bottas behind the steering wheel – clinched seven drivers’ championships and eight constructors’ titles.
The announcement made on Saturday (Sep 21) did not reveal the length of the extension, However, it is understood to be a multi-year agreement.
Iqbal Khan, the co-president of UBS Global Wealth Management and president of UBS Asia-Pacific, said the partnership reflects the bank’s shared values of a commitment to innovation, talent and teamwork, all of which drive performance.
“I look forward to the opportunities our partnership will present in this next chapter together, as we continue to provide unparalleled experiences for our clients,” he added.
Toto Wolff, the team principal and chief executive officer of the Mercedes-AMG Petronas F1 team, said of the partnership with UBS: “We both strive for excellence, maintain the highest standards and share a commitment to sustainable performance.”
The Mercedes drivers in the 2024 F1 season are the seven-time world champion Hamilton and teammate George Russell, who is also from the United Kingdom. When Hamilton moves to Ferrari next year, Kimi Antonelli will be taking his place.
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