Bloomberg Talks UBS CEO Sergio Ermotti Talks Market Volatility
Jan 20, 2026
Sergio Ermotti, Chief Executive Officer of UBS Group AG, is known for his pivotal role in steering the bank through major challenges, including the stabilization of Credit Suisse. In a discussion at the World Economic Forum, he highlights the mounting market volatility and warns against diversifying too far from U.S. investments. Ermotti also outlines UBS's growth strategy, emphasizing organic expansion and opportunities in U.S. wealth management and Asia. He touches on integration progress and his thoughts on succession planning, reflecting on UBS’s stronger future.
AI Snips
Chapters
Transcript
Episode notes
Volatility Will Stay; Diversify
- Sergio Ermotti warns market volatility will likely persist because unresolved issues are accumulating.
- He recommends staying diversified as predictability and rapid changes increase.
Don't Bet Against The U.S. Or Dollar
- Ermotti says diversifying away from the U.S. or the dollar is a dangerous long-term bet.
- He argues the U.S. remains the strongest economy and you shouldn't bet against it.
Dual Growth Engines: U.S. And Asia
- UBS sees two levers: wealth creation in the U.S. and rapid growth in Asia where UBS manages about $1 trillion.
- Ermotti highlights the U.S. created 25 million new millionaires last year, underscoring opportunity for wealth managers.