Business

UBS CEO Sergio Ermotti: China and Hong Kong Remain Central to Global Growth Strategy

UBS's Commitment to Asia's Growth Markets

In a recent announcement, 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 described Asia as an "absolute engine" driving the company's success.

UBS Financial Services Conference 2025 Launch

This commitment was highlighted during the launch of the UBS Financial Services Conference 2025, showcasing the bank's optimistic outlook on Asia's economic potential. The conference serves as a platform for discussing strategies to harness the region's growth.

Strong Financial Performance

Supporting this optimism, UBS reported a robust financial performance, with a fourth-quarter net profit of $800 million and a full-year profit of $5.1 billion in 2024. These figures underscore the bank's strong position and its ability to navigate the complexities of the global market.