Ermotti takes knife to RWA at UBS investment bank
Sergio Ermotti, appointed this week as UBS’s new group chief executive, announced on Thursday afternoon a big reduction in the scope and scale of UBS’s investment bank. Speaking at the firm’s investor day, hosted in New York, Ermotti outlined a halving of risk weighted assets in the investment bank and the exiting of business lines that are inefficient users of capital.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts