Art Basel, one of the world’s major arts events, has announced a new global partnership with
UBS, which acts as lead partner for shows in Basel, Miami Beach and Hong Kong.

The multi-year agreement begins from today, and the announcement coincides with the 20th anniversary of both organizations’ partnership.

Beginning in 2014, UBS will become the lead partner of Art Basel in Hong Kong which takes place from 15-18 May at the Hong Kong Convention and Exhibition Center.

“UBS' support of Art Basel is part of a comprehensive commitment to contemporary art on a global scale including the Guggenheim UBS MAP Global Art Initiative, the UBS Art Collection and the UBS Art Competence Center, the Fondation Beyeler and numerous other regional art partnerships,” UBS said in a statement.

UBS has been lead partner for the events since 1994.