UBS CEO says Swiss base remains good for economy and shareholders
UBS•UBS CEO Sergio Ermotti said keeping the bank based in Switzerland is good for the economy and shareholders, while noting that IPOs and valuations have become less enthusiastic.
1. Swiss headquarters
Ermotti said UBS staying based in Switzerland is good for the economy and the bank’s shareholders, after an investor called for the bank to leave amid moves to impose tougher regulation. He said the bank would need to consider what is necessary to protect the interests of shareholders, clients and employees.
2. IPO market views
Asked about capital markets, Ermotti said enthusiasm around IPOs and valuations had eased, and questions had arisen about whether the pace could continue.
