In Full: UBS CEO Ermotti on Buybacks, Capital, Tariffs

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

• Closure of international branches

• Decrease in market share

• Integration of legal entities and client migration

• Reduction in employee count

What is considered the most critical part of UBS's integration process?

• Data migration

• Hiring new employees

• Expanding into new markets

• Launching new products

How is UBS planning to enhance its capabilities in the US market?

• By reducing operations

• By enhancing current capabilities and profitability

• By acquiring new companies

• By focusing solely on European markets

What impact do tariffs have on the market according to the transcript?

• They stabilize the market

• They decrease inflation

• They create volatility and inflationary pressure

• They have no impact

How does UBS view diversity and inclusion within its organization?

• As a marketing strategy

• As a temporary initiative

• As a core part of its culture

• As a secondary concern

What is UBS's approach to handling unresolved matters from Credit Suisse?

• Postponing them indefinitely

• Settling them immediately

• Working diligently with authorities

• Ignoring them

What is UBS's policy regarding employee compensation?

• Paying below market rates

• Paying for performance and staying competitive

• Not providing bonuses

• Paying only in stocks