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UBS CEO Ermotti Pinpoints Credit as Best Opportunity in Market

  • Sergio Ermotti says clients held cash before pandemic struck
  • Swiss lender working with government agencies worldwide
Updated on

UBS Group AG Chief Executive Officer Sergio Ermotti said investors are starting to take advantage of opportunities in the credit markets and beyond after recent volatility due to the coronavirus outbreak.

“Cash holdings were very high,” Ermotti said during a Bloomberg TV interview. “Having a large pool of cash available during this major correction has helped the investors manage and we do see people taking advantage of new opportunities.”