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  Best Global Brands: Focus on UBS   Best Global Brands: Focus on UBS  Robin Rusch Best Global Brands 2005  
         
 

Best Global Brands: Focus on UBS Tech to financial, this year's top five fastest climbers on the Best Global Brands list are mixed, according to the 2005 100 Best Global Brands ranked by value from BusinessWeek and Interbrand.

These five fast movers include: online auctioneer eBay, listing at 55 with a 21 percent rise in value from last year; banking sector brand HSBC at 29 with a 20 percent rise; consumer electronics brand Samsung at 20 (passing Sony at 28) with a 19 percent rise; and Apple and UBS, both showing a 16 percent rise and listing at 41 and 44 respectively.

"All of these brands are 'mono' brands," says Jan Lindemann, global brand valuation director at Interbrand Corporation. "Overall they hang together. They are conceptually a global [piece] with respect to operations, employees, customers and markets."

Each, Lindemann goes on to say, has also done a good job at conveying unity to the public. "All these brands have made a distinct effort to appear similar globally. You see an Apple or Samsung or HSBC, it has the same look and feel around the world. They are managed as a global brand."

Having debuted on the 100 Best Global Brands list just last year, UBS is a great example of embodying this concept of successful global brand management.

 
Over 130 years old, the Swiss wealth management firm has grown largely through mergers and acquisitions. It now maintains a presence in over fifty countries. Fifty countries in which, despite migration, transition and acquisition, the UBS brand comes across as nothing other than the UBS brand.

Any brand that grows through acquiring existing companies faces challenges in establishing its new brand consistently and correctly, both in an employee's ability to internalize and deliver, and in the consumer's expectations and impressions. Also, there is the simple challenge of human nature. People don't like disruptions; change is disruptive.

In February 2004, UBS set out to apply one consistent brand across all markets. The result is the You and Us campaign, which strives to convey a close relationship between customers and UBS professionals.

The decision-making involved in finding a one-size-fits-all brand is perhaps best illustrated by the task UBS faced in finding a tagline that could appeal to each of its markets and capture its identity. It is easy to see how "You and Us" can reassure English speakers, essentially saying, "Hey, we're in this together. It's not 'just you' and it's not 'just us.' " However, when translated into other languages the meaning shifts, making things trickier. For instance, in German the phrase would literally translate as "Sie und wir." Using the formal Sie implies there is already a barrier in place between the UBS employee and the client; at the same time, the speaker would never call a client by the informal Du. In fact, this example of translating three small words to carry a consistent message across regions brings to mind another German word: "angst."

"In the attempt to translate the tagline into local languages, what we have found is that you are losing the simplicity and, to a certain extent, the charm of the tagline," says Bernhard Eggli, head of brand management at UBS. After the company conducted internal and external research, the decision was made to preserve the intent of the You and Us tagline by leaving it in English.

This tagline strategy neatly encapsulates UBS's overall goal of keeping the brand identity consistent. "What we found during the research is that there's a lot of similarity in terms of the expectations that our client segments have for their preferred financial services provider, which made it possible for us to move to a single brand," says Eggli. "The underlying brand promise works across the globe; the challenge is to find the right execution."

Obviously the execution of a successful global brand identity is much more complicated than deciding on formal or informal German pronoun conjugations. Done well, every touchpoint of the brand is in line. To the man on the street, this is most visible in areas such as retail outlets, communications and customer service. Less visible but just as important is how the company internalizes and "lives" the brand identity.

Perceptions of scale feature large in UBS's external communications campaign for the You and Us identity. For instance, in one print ad, a huge room is vast and empty except for two men huddled in discussion. The space could be perceived as impersonal and imposing, but the two men coupled with the You and Us tagline humanizes the story, placing the customer at the heart of the employee's focus. The world is big and imposing, but together we can make it.

 
In fact a lot rides on the ability of the people who make up UBS to deliver on this concept in real life. Eggli agrees: "We are relying a lot on our employees."

Jestyn Thirkell-White, head of brand strategy, says that UBS makes a point to inform its employees about its external communication campaigns. However, he points out, advertising is not what drives the brand: "The advertising reflects the kind of experience that all our training and our processes are designed to deliver."

"Our employees are the most important touchpoint with the brand," adds Eggli. "They need to consistently deliver the brand with the client to create a specific client experience."

Both Thirkell-White and Eggli agree that it is a constant work in progress, particularly for a firm that grows primarily through acquisition and increasingly across cultural borders.

"When you think of a market like Italy where we've hired a couple hundred new employees in a couple of years, generally from some other firm, with another way of working, it's a big job to meld that group of people into the UBS way of doing things," says Thirkell-White. "It's certainly a work in progress."

This causes Eggli to reflect on the nature of progress itself. "The question is, are you ever there? That requires constant work."

These last comments hit on an important aspect of the whole process and possibly the reason UBS appears at all on the list of Best Global Brands, let alone why it has advanced so rapidly. The brands that make up the list's fastest growing are each consistent in their delivery of the brand promise—a feat that requires constant vigilance and effort. Recognition and acceptance of this by the branding team at UBS indicates continued progress for the brand in years to come.

So, Mr. Eggli, the answer to your question is this: the work may never end, but at least someone noticed.    

[25-Jul-2005]

 
  
  

Robin Rusch is Editor-in-Chief of brandchannel.com.

     
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