UBS's Ermotti Sees 'Good Momentum' in Regaining Credit Suisse Funds

The video discusses the integration of Credit Suisse into UBS, highlighting swift progress and cooperation with global regulators. The speaker emphasizes the importance of engaging with Chinese stakeholders and reports a positive shift in client confidence and asset returns, particularly in Asia. Financial momentum is strong, with substantial net inflows expected to continue. The speaker clarifies that while restructuring is necessary, natural attrition and internal movements will mitigate social costs, aiming for a sustainable business model.

What was a key factor in the swift integration of Credit Suisse into UBS?

• The cooperation of global regulators

• The rise in net new money inflow

• The increase in client activity

• The reduction in headcount

What was the main focus for UBS in terms of client activity in Asia during the third quarter?

• Increasing headcount

• Expanding into new markets

• Returning assets to Credit Suisse

• Reducing operational costs

How did UBS describe the investor sentiment in the third quarter?

• Unchanged

• Declining

• Pessimistic

• More constructive

What approach is UBS taking to manage the workforce during the restructuring?

• Immediate layoffs

• Natural attrition and internal movements

• Hiring new staff

• Outsourcing jobs

What is the ultimate goal of restructuring Credit Suisse according to UBS?

• To expand into new regions

• To increase short-term profits

• To create a sustainable business

• To reduce the number of branches