UBS CEO Hamers on Volatility, Client Sentiment, Fed Rates

UBS CEO Ralph Hammers discusses market volatility, client guidance needs, and investment strategies. He highlights the increase in net interest income and expectations for interest rates in various currencies. The discussion also covers UBS's position regarding Credit Suisse inflows, their buyback strategy, and the collapse of the Wealthfront deal. The focus remains on US market growth and enhancing digital support for wealth management.

What was the main reason for the positive inflow of fee-generating assets at UBS?

• Increased volatility in the stock market

• Higher interest rates

• Clients seeking more guidance

• New investment products

What is the expected trend for net interest income at UBS?

• No change expected

• Stagnation due to low client interest

• Decrease due to market instability

• Increase due to better management of client money

What is UBS's expectation for US interest rates?

• Increase to fight inflation

• Remain stable

• Decrease to combat recession

• Fluctuate unpredictably

Did UBS experience a significant inflow from Credit Suisse?

• Yes, a major inflow was reported

• No, UBS denied any inflow

• No, UBS did not rely on competitors

• Yes, but it was not significant

What is the main focus of UBS's wealth management strategy?

• Competing with Credit Suisse

• Providing guidance and diversification

• Expanding into new markets

• Reducing client base

What factor influences the UBS buyback strategy?

• Competitor actions

• Government regulations

• Market development and liquidity

• Client feedback

What was the outcome of the Wealthfront deal for UBS?

• It was postponed

• It was successfully completed

• It was expanded to include more partners

• It collapsed but did not change strategy