UBS CEO Open to Deals to Expand Digital Wealth Business in U.S.

The video discusses UBS's strategy for expanding its digital banking services in the US, focusing on affluent clients. It outlines three main actions: enhancing investment and core banking services, targeting workplace wealth clients with digital advisory, and scaling digital propositions. UBS emphasizes its strengths in content and advice, considering both organic growth and potential acquisitions to accelerate its digital strategy.

What is the primary focus of the US market strategy discussed in the video?

• Increasing branch locations

• Developing new credit card offerings

• Orchestrating investment banking and asset management products

• Expanding retail banking services

What is the new concept introduced for workplace wealth clients?

• Personalized credit cards

• Workplace wealth clients for retirement and stock planning

• Exclusive travel packages

• Corporate sponsorships

How does the video suggest scaling up the digital proposition in the US?

• By offering free financial seminars

• By acquiring a company like eTrade

• By opening more physical branches

• By reducing service fees

What is emphasized as being part of UBS's DNA in the digital strategy?

• Low-cost services

• Content and advice

• Aggressive marketing

• High-interest savings accounts

What type of growth is considered the default in the digital strategy?

• Conservative growth

• Rapid expansion

• Organic growth

• Inorganic growth