UBS to Dispose of Riskiest Credit Suisse Loans to Asian Clients

The transcript discusses UBS's handling of structured loans inherited from Credit Suisse, focusing on the APAC region. UBS aims to mitigate risks by winding down or selling high-risk loans. Credit Suisse's previous expansion in Southeast Asia attracted wealthy clients, but UBS is cautious about certain client relationships. The merger has led to the departure of key Credit Suisse wealth managers, particularly in Hong Kong, as UBS restructures its management team.

What is UBS's primary strategy for handling the complex loans inherited from Credit Suisse?

• Increase the interest rates on these loans

• Wind down or sell off most of the high-risk loans

• Merge them with existing UBS loans

• Transfer them to a different bank

What was a significant factor in Credit Suisse becoming a preferred bank for entrepreneurs in Southeast Asia?

• Offering the lowest interest rates

• Partnerships with local banks

• A decade-long push into the region

• Its focus on low-risk investments

What challenge does UBS face with some of the clients and loan structures in the Asia-Pacific region?

• Lack of legal frameworks

• Clients UBS may not want to do business with

• High default rates

• Currency exchange issues

What was the reaction of Credit Suisse's wealth managers to the merger with UBS?

• They received promotions

• Many decided to leave the merged unit

• They were indifferent

• They welcomed the merger

Who were some of the prominent individuals that left Credit Suisse following the merger?

• Michael Chan and Sarah Tan

• Alice Wong and Bob Lee

• John Smith and Jane Doe

• Martin Lowe and Joe Lau