Bloomberg Talks UBS CEO Sergio Ermotti Talks Earnings, Volatility, Credit Suisse
Apr 30, 2025
Sergio Ermotti, CEO of UBS, delves into the bank's impressive $1.7 billion net income for the first quarter. He addresses how clients are navigating market volatility due to geopolitical tensions, adjusting their asset allocations amid uncertainty. Ermotti also discusses UBS's strategic plans to enhance its wealth management in the U.S. and the challenges posed by competition and regulatory changes. Additionally, he sheds light on the integration of Credit Suisse and its impact on client services and profitability.
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UBS's Diversified Franchise Strength
- UBS's diversified business model drives consistent profit growth across wealth management, asset management, and the investment bank.
- The bank performs well in varied market conditions, highlighting its resilience.
Client Behavior Amid Market Volatility
- Clients use market volatility to reposition exposures within their current asset allocations rather than make major shifts.
- Despite high volatility and trade tensions, clients remain calm and focused on managing portfolios prudently.
Impact of Trade Uncertainty
- Market volatility is likely not behind us; uncertainty from tariffs continues affecting investment plans.
- Prolonged uncertainty may slow down investments by both investors and corporates.