UBS Group AG and the London Stock Exchange Group (LSEG) have announced a multi-year strategic partnership focused on consolidating data infrastructure and expanding access to analytics tools across UBS’s global operations. The agreement will see UBS adopt LSEG’s full suite of data and analytics capabilities to support its business across asset classes and throughout the trade lifecycle.
The partnership supports UBS’s integration roadmap following its acquisition of Credit Suisse, while also enabling operational efficiencies and cost synergies through unified data governance, improved data cataloguing, and cloud-native solutions. UBS will integrate LSEG Workspace into its systems, gaining access to AI-powered modeling tools, interoperability with platforms like Microsoft Teams and Excel, and cloud-based analytics.
“Supporting scalable and long-term revenue growth across the Group”
Sergio P. Ermotti, Group Chief Executive Officer at UBS, commented, “This expanded partnership reflects our shared commitment to innovation, efficiency, and delivering differentiated value to our clients. As we continue to execute on our integration strategy, the longstanding trusted partnership with LSEG will be important in unlocking synergies, supporting scalable and long-term revenue growth across the Group.”
The collaboration allows UBS to streamline internal data architecture and accelerate its use of real-time analytics, enhancing decision-making processes and product development across its banking and wealth management franchises.
David Schwimmer, Group Chief Executive Officer at LSEG, said, “We are proud to deepen our partnership with UBS through this strategic agreement. Our focus is on delivering high-quality, multi-asset class solutions that support our partners’ and customers’ evolving needs. We look forward to working closely with UBS to enable mutual, sustainable growth for both organisations, and the wider market.”
LSEG has been expanding its strategic collaborations around cloud and AI technologies, particularly through its integration of Microsoft’s enterprise tools with its data products. The partnership with UBS reinforces its positioning as a key infrastructure and analytics provider for large financial institutions.
The firms did not disclose financial details of the agreement.
LSEG survey finds 87% are expanding investments in the cloud
Recent research by LSEG revealed a decisive shift in how financial services firms are approaching cloud adoption, with a majority viewing it as a strategic lever for competitiveness rather than a cost-saving measure. The global survey, which covered 453 financial services executives, found that 87 percent of firms have increased cloud investment over the past two years.
According to the study, 82 percent of surveyed firms now operate with hybrid or multi-cloud strategies, aiming to boost flexibility, reduce concentration risk, and support compliance with global regulations. However, 84 percent reported the need to adjust cloud strategies in response to requirements such as the EU’s Digital Operational Resilience Act and GDPR.
Security continues to dominate concerns, with 47 percent of respondents citing the sophistication of cyberattacks as their top worry. Data privacy and breach risks followed closely behind. Despite these concerns, 92 percent of firms consider operational resilience a critical factor when choosing a cloud provider.
Cloud adoption is already delivering results. Over half of the respondents said they had completed migrations and were seeing value, especially in areas like customer engagement and enterprise-wide data access. Risk management stood out, with 83 percent of users reporting full migration and operational benefits.
Financial institutions are increasingly measuring cloud ROI in terms of scalability (51 percent), revenue growth (47 percent), and security improvements (47 percent). Only 34 percent now use cost savings as their primary benchmark for success, although 61 percent still report reduced IT infrastructure costs, especially in EMEA and APAC regions where regulatory conditions are more complex.
Cloud is also becoming central to artificial intelligence strategies. The survey found that 91 percent of firms are either currently using or planning to use cloud services for AI within the next year. Generative AI, fraud detection, and risk management were the top three areas of focus. In total, 84 percent of respondents said their firm is already somewhat or very advanced in AI implementation, with investment firms leading in deployment.
While Software as a Service remains the leading cloud model at 43 percent, interest is growing in Platform as a Service and Infrastructure as a Service. This trend suggests more firms may shift toward building custom tools and applications internally as AI, analytics, and compliance needs become more complex.
