Ermotti Says UBS's Investment Banking Unit Is Gaining Market Share

The transcript discusses the successful year of 2024, highlighting key achievements in integration, wealth management, and asset management. It emphasizes the importance of data migration and the progress made in Asia and the US. The company is investing in AI and new capabilities to stay competitive. The US market is crucial, with plans to enhance profitability despite a slow start in capital markets.

What were some of the key achievements for the company in 2024?

• Successful mergers and client migration

• Decrease in market share

• Reduction in AI investments

• Increase in outstanding balances to 500 billion

What is the most critical part of the integration process according to the transcript?

• Marketing strategies

• Data migration

• Product development

• Hiring new staff

How much data is planned to be migrated in Switzerland?

• 50 petabytes

• 10 petabytes

• 95 petabytes

• 150 petabytes

What challenge did the company face while growing in Asia?

• Decreasing asset values

• Data migration distractions

• Regulatory issues

• Lack of client interest

What is the company's strategy in the US market?

• Exit the investment banking sector

• Enhance capabilities and profitability

• Focus solely on wealth management

• Reduce market presence