UBS' CEO Sees a Bit of Momentum in 1Q

The transcript discusses the momentum from Q4 to Q1, highlighting client activity and market optimism. It touches on the political influence of the Trump administration and tax policies, emphasizing the need for concrete actions. Wealth Management America shows strong performance, with expectations for continued growth. Cross border outflows are noted but not seen as a major issue. The investment bank's performance is analyzed, with a focus on capital allocation and technology investment.

What is the main challenge in translating client momentum into sustainable activity?

• Insufficient market data

• High transaction costs

• Uneven behaviors between client types

• Lack of client interest

What is considered a potential lever to shift client dynamics according to the second section?

• New investment products

• Increased marketing efforts

• Concrete tax plans

• Higher interest rates

What was the record performance of Wealth Management America attributed to?

• New technology adoption

• Increased client base

• Strong market conditions

• Unique global franchise

What is the primary focus when dealing with cross-border outflows?

• Enhancing the quality of flows

• Improving transaction speed

• Increasing client assets

• Reducing the volume of outflows

What is the investment bank's strategy regarding capital allocation?

• Expand into new markets

• Focus on technology and client service

• Increase capital for all departments

• Reduce operational costs

Why is there no need to allocate more capital to the FRC business?

• It lacks market opportunities

• It is not a priority area

• It has a clear business model and focus

• It is underperforming

What is the investment bank's return on capital?

• 24%

• 30%

• 20%

• 18%