UBS Needs to Broaden Its U.S. Business, CEO Ermotti Says

UBS CEO Ermotti Sees US Acquisition as Option for Growth

UBS Group AG Chief Executive Officer Sergio Ermotti said he doesn’t exclude buying another firm as a way to boost the lender’s business in the Americas.

UBS needs to broaden its U.S. business, CEO Ermotti says

UBS CEO Ermotti Open to US Acquisition for Growth Push

The UBS Americas business showed signs of revival last month, with client inflows of $5.3 billion for the first three months of the year after three consecutive quarters of outflows.

UBS chief eyes US growth amid capital debate

UBS chief Sergio Ermotti said the bank needs a wider business base in the US while it prepares for all possible outcomes from the Swiss parliamentary debate over stricter capital requirements.  Last month, the country indicated that the bank would need to build roughly $20bn in additional buffers to help prevent a repeat of the failures that brought down Credit Suisse.  At an event in St. Gallen, Ermotti said he would keep working until the “las…

UBS Eyes US Growth Amidst Swiss Capital Debate

UBS CEO Sergio Ermotti recently affirmed the Swiss bank’s strategic intent to expand its business operations within the United States. Speaking in St. Gallen, Ermotti also committed to preparing the financial institution for any outcomes stemming from a parliamentary debate concerning proposed stricter capital regulations. UBS is a prominent Swiss bank, providing financial services globally. It offers wealth management, investment banking, asset…