UBS CEO Says Asia Business Still Key Amid ‘Less Linear’ Growth
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UBS Group AG is reiterating its commitment to the Asia-Pacific region and particularly to China, as the bank still sees it as a key driver for growth, according to Chief Executive Officer Sergio Ermotti.
“The two engines of growth for us which are going to deliver superior prospects are still the US and Asia,” Ermotti said at the Bank of America CEO Conference in London on Tuesday. “The growth will be less linear in Asia, which is probably important in absolute terms but wealth creation and the demographic trends are really supporting” the business, Ermotti added.