UBS Group (UBSG) UBS Financial Services Conference summary

2024 performance and integration progress

• Achieved strong Q4 results, demonstrating resilience and market share gains despite typical seasonality.

• Made significant progress in integrating Credit Suisse, including major risk-weighted asset reduction and decommissioning 40% of non-core IT applications.

• Realized $7.5 billion in cost savings by end of 2024, nearing 60% of the $13 billion target.

• Integration efforts will continue through the second half of 2026, with ongoing investments for future growth.

Capital markets and regulatory outlook

• Maintains strong pipeline and mandate acquisition despite a 20–30% reduction in industry fee pools through January.

• Geopolitical uncertainties, especially tariffs, may impact pipeline execution more than pipeline generation.

• Clarity on Swiss capital requirements expected between May and autumn, with hopes for proportionate, quality-focused regulation.

• Emphasizes the need for balanced capital requirements to ensure competitiveness and shareholder motivation.

Americas and wealth management strategy

• Americas remain a core market, leveraging legacy acquisitions and Credit Suisse capabilities.

• Focused on improving profitability in U.S. wealth management by narrowing the pre-tax profit margin gap with peers.

• Initiatives include enhancing client relationships, expanding banking products, and streamlining management structures.

• Targeting 15% pre-tax profit margins in the next couple of years, with further improvements planned.