UBS CEO Hamers Says High Inflation Is Here to Stay

The video discusses the challenging market conditions of the past year, highlighting the impact of global events like the war and energy crisis. It emphasizes the potential of China's market and advises clients to invest cautiously. The discussion covers inflation trends, economic security, and the need for strategic investments in energy and technology. The speaker outlines growth strategies focusing on China and the US, emphasizing the importance of digital tools and client trust. The video concludes with insights into hiring strategies and the company's market positioning.

What was one of the main challenges for wealth preservation last year?

• Stable bond markets

• Strong economic growth

• Low unemployment rates

• High inflation rates

What is expected to happen to inflation according to the transcript?

• It will drop to 2%

• It will decrease but stay higher than past levels

• It will remain stable

• It will increase significantly

What is the company's strategy for growth in China and the US?

• Avoid both markets

• A two-pole strategy focusing on both regions

• Focus solely on the US

• Focus solely on China

What is the company's approach to hiring?

• Full hiring mode

• No hiring at all

• Retrenchment mode

• Hiring for critical jobs

What drives clients to stick with the company?

• Aggressive marketing

• Low service fees

• Trust and relationship with advisors

• High interest rates

What is the expected nature of a potential recession in Europe?

• Long and severe

• Worse than previous recessions

• Short-lived and mild

• Non-existent

What is a key focus area for investment according to the transcript?

• Traditional energy sources

• Private markets and sustainability

• Real estate

• Retail banking