UBS CEO Ermotti on Market Conditions, Restructure, Wealth Management

The video discusses the challenges faced by the investment bank due to tough market conditions, leading to a restructuring plan aimed at cost savings and refocusing activities. The focus is on execution and a global strategy, with an emphasis on equities and FX. The bank has seen a positive trend in net new money, mainly from Asia, and explores opportunities in private markets. Despite China's slowing growth, it remains a key driver for the region. The video also covers the impact of negative rates and the reluctance to invest in negative yielding bonds.

How has the company performed in terms of net new money for the wealth management side?

What challenges does the company face regarding negative interest rates?

What is the outlook for growth in China and Asia according to the discussion?