Business

UBS CEO Sergio Ermotti Declares China as the Unstoppable Engine of Global Growth

UBS's Commitment to Asia's Growth Markets

In a recent statement, UBS Group CEO Sergio Ermotti reaffirmed the bank's dedication to China and Hong Kong, identifying them as crucial markets for future growth. Despite the regions' volatility, Ermotti views Asia as an indispensable growth engine for UBS.

Financial Highlights and Future Prospects

This announcement came alongside the launch of the UBS Financial Services Conference 2025, where Ermotti shared insights into the bank's strategy and performance. Highlighting the bank's robust financial health, UBS reported a net profit of $800 million for the fourth quarter and a full-year profit of $5.1 billion in 2024.