UBS goes for ‘one firm’ approach to improve IB

UBS_Adobe_575x375_27Feb2020
By David Rothnie
27 Feb 2020

Sergio Ermotti’s call for improvement in UBS’s investment bank could be undermined by the arrival of his successor as chief executive, writes David Rothnie.

Ermotti, group CEO, effectively put UBS’s investment bank on watch at the firm’s annual results presentation, saying that its performance in 2019 was unacceptable. “The IB has to deliver better results,” he said, calling on it to generate Sfr500m-Sfr600m ($512m-$614m) in revenues this year in order ...

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