Ermotti Says UBS Drops Net New Money Target for Wealth Management

The video discusses a shift in wealth management strategy, focusing on the quality rather than the quantity of new money due to negative interest rates in Europe and Switzerland. The speaker highlights a paradigm shift in the industry, emphasizing business growth and profitability over net new money. The impact of global market changes, such as trade deals and Brexit normalization, is also discussed, noting a more constructive client environment and the need to deploy cash. Despite positive momentum, uncertainty and volatility remain concerns.

What is the primary focus of wealth management according to the transcript?

• Focusing on the quality and volatility of new money

• Reducing client assets in Asia

• Setting high new money targets

• Increasing the quantity of new money

What significant change in client activity was observed after the trade deal in December?

• A more constructive and active environment

• A decrease in client activity

• A decline in market sentiment

• A shift towards passive investments

What was the impact of the trade deal on Q4 performance?

• It caused a decline in client assets

• It had no impact on Q4 performance

• It resulted in the best Q4 since 2010

• It led to the worst Q4 since 2010

What does the IMF's report suggest about global GDP growth?

• An increase in expected GDP growth

• A further drop in expected GDP growth

• Stable GDP growth expectations

• A significant rise in GDP growth

How are Brexit and US-China trade tensions affecting investors?

• They are causing increased uncertainty

• They are resulting in higher volatility

• They are providing more comfort to investors

• They are leading to a decrease in cash deployment