UBS Group AG Chief Executive Officer Ralph Hamers said the Swiss bank’s wealth clients are staying invested while holding back from putting new funds to work because of the uncertainty caused by the war in Ukraine and energy crisis.
Hamers expects greater clarity on the direction of markets within the next three months as the world comes to terms with the aftershocks of the pandemic and the situation in China, as well as soaring energy prices and the Russian invasion, he said in a Bloomberg TV interview from Davos on Tuesday.
