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UBS CEO: confident it will win back some of Credit Suisse business

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing Rights
ZURICH, Nov 16 (Reuters) – UBS (UBSG.S) chief executive Sergio Ermotti voiced optimism on Thursday that the Swiss bank will be able to attract some of the assets that have left Credit Suisse, its former rival it has taken over earlier this year.
“I am pretty confident that we will continue to see some good winbacks from assets that left Credit Suisse,” Ermotti told a conference organised by the Swiss Finance Institute.
He also said he did not expect Credit Suisse’s integration to extend beyond 2026.
Reporting by Noele Illien Editing by Tomasz Janowski
Our Standards: The Thomson Reuters Trust Principles.

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