UBS CEO Says Bank Will Review Prime Brokerage Clients

The transcript discusses the prime brokerage business, focusing on risk management, transparency, and strategic commitments. It addresses financial disclosures, including a significant loss and a share buyback program. The introduction of new wealth management metrics is highlighted, emphasizing net new fee-generating assets. Geographical risk and inflows are analyzed, with a focus on the US and Asia. The transcript concludes with considerations of regulatory actions and strategic opportunities, particularly in relation to Credit Suisse.

What is the primary lesson learned from the Archegos situation?

• Expand into new markets

• Reduce client relationships

• Demand greater transparency

• Increase leverage

Why is the prime brokerage business considered strategic?

• It helps build wealth business

• It reduces operational costs

• It diversifies investment portfolios

• It increases market volatility

What was the net loss figure mentioned in the financial discussion?

• $774 million

• $500 million

• $434 million

• $1 billion

What is the new metric introduced for wealth management?

• Net new fee generating assets

• Net new money

• Gross revenue

• Client satisfaction index

Which regions are experiencing the strongest business inflows?

• Asia and the US

• Middle East and Canada

• Europe and Africa

• South America and Australia

What is the focus of the new strategy mentioned in the final section?

• Cost-cutting and downsizing

• Expanding into new industries

• Organic growth and strategic acquisitions

• Increasing leverage and risk

What potential opportunity is discussed with Credit Suisse?

• Launching a joint venture

• Acquiring specific capabilities

• Merging with UBS

• Entering a new market