UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. It is the parent company of the UBS Group.The operational structure of the Company consists of the Corporate Center and four business divisions: Wealth Management & Swiss Bank, Wealth Management Americas, Global Asset Management and the Investment Bank. On March 6, 2014, UBS AG ceased to be a substantial share holder in the capital of Transpacific Industries Group Ltd. In April 2014, the Company and its related bodies corporate ceased to be a substantial share holder of BC Iron Ltd and ceased interest in capital of Equity Trustees Ltd. In May 2014, UBS AG and its related bodies corporate ceased substantial holder of NEXTDC Ltd.,Virtus Health Ltd. and Myer Holdings Ltd. In June 2014, UBS AG and its related bodies corporate has ceased to be the substantial holder of NEXTDC Ltd and Discovery Metals Ltd.