UBS Boss Ermotti Warns Investors on Iran Over-Confidence

Sergio Ermotti on April 29. — Sergio Ermotti on April 29.Photographer: Pascal Mora/Bloomberg

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By Jan-Henrik Foerster and Guy Johnson

April 29, 2026 at 6:44 AM UTC

UBS Group AG Chief Executive Officer Sergio Ermotti said that financial markets are at risk of over-optimism regarding the Iran conflict.

“The expectation is not only that things are going to be resolved which we believe and hope — but the impact of what happened will be resolved in a classical way,” Ermotti said in a Bloomberg TV interview with Guy Johnson.