CEOInterviews.AI
Start App
Try: AI strategy tariffs earnings guidance layoffs interest rates growth

Sergio Ermotti

Group Chief Executive Officer, Ubs

Search every verified Sergio Ermotti interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Sergio Ermotti, Group Chief Executive Officer at UBS, discussed the firm’s U.S. strategy in an October 2026 CNBC interview, stating that UBS manages nearly half of its $5 trillion in global assets in the U.S. and that the country added 1,200 millionaires per day last year. He said that to be successful as a global wealth manager, the bank needs a presence in the U.S., and he contrasted U.S. wealth creation with Europe, which he described as not growing and rather consuming wealth. Regarding French debt concerns, Ermotti said that hard measures, not incremental changes, would be needed to resolve large debt piles, drawing comparisons to past crises in Italy, Greece, and Portugal. In September 2026, Ermotti discussed the UBS-Credit Suisse integration, saying the bank is on track to complete it by the end of the year. He acknowledged that job losses have been a challenging part of the process and said the bank has managed redundancies by maximizing retraining and reskilling for open positions. He also commented on Swiss parliamentary proposals related to Credit Suisse, calling the current proposals "absolutely excessive, not targeted, not internationally aligned" and said the bank’s focus is on helping policymakers understand the root causes of Credit Suisse’s failure. Additionally, Ermotti promoted YUMO, a UBS digital financial education initiative, and shared personal anecdotes about his first paycheck in 1975 and the importance of financial literacy, advising that people do not need to be finance experts but should learn enough to ask the right questions.

Recent appearances

Verified interview transcripts

Notable quotes

“Unfortunately, we don't have so many discussions with policy makers. We have but of course we are very happy to see that part of the parliament is trying to really put an effort to really understand the root causes of what happened with Credit Suisse. Credit Suisse the current proposal are absolutely excessive, not targeted, not internationally aligned and very little to do with what happened at Credit Suisse. So our”

“Well, this of course it's probably one of the most challenging part of the job. The three years ago was to come in and get mobilizing the entire organization around creating something positive out of a fairly tragic event. And you know, this is a process that we have been addressing over the last three months. I'm really grateful because you know, without the full commitment of all the people involved UBS and Credit ”

“Well, the big difference is that we don't work on perception. We work on with facts and figures. And, uh, so the issue is that is undisputed even by the authorities that, uh, uh, the proposed regulations that will cost, uh, 22 billion of capital. The fact that we have a strong capital position right now with some buffers doesn't take away that the impact of the new regulation is 22 billion. So it's not correct to say”

“The big difference is that we don't work on perception. We work on with facts and figures. And, uh, so the issue is that is undisputed even by the authorities that, uh, uh, the proposed regulations that will cost, uh, 22 billion of capital. The fact that we have a strong capital position right now with some buffers doesn't take away that the impact of the new regulation is 22 billion. So it's not correct to say that ”

“The proposal as they are they are not they are excessive and not aligned with international standards. What we are asking is to have a a framework that allow us to be competitive operating out of Switzerland. And we are basically asking just adapt and get the lessons learned from the Credit Suisse crisis.”

“They are not proportionate. They are not targeted. They are not internationally aligned and they do not recognize a big chunk of the root causes for what Swiss why Swiss went down.”

The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →