UBS CFO Implies UBS IB Americas Sucks at Conference
Q: “So Investment Bank, you achieved the 15% return target in 2025. How do you feel about maintaining these returns or improving as the Credit Suisse consolidation comes to an end?”
CFO: “Yes. So Giulia, I mean, in the Investment Bank, we're continuing to invest in our capabilities and generating sustainable returns for our shareholders. We have a very strong -- if you look at our -- we're very well diversified across the globe. We have top franchises in Asia, across Europe and in Switzerland. And we've really strengthened our presence in the Americas.”
CFO: ”In our banking franchise, we've invested in our coverage teams in our product capabilities and that's adding to an already robust pipeline. And I expect Global Banking to continue momentum into 2026.”
BLUF
Top franchises in Asia, across Europe and in Switzerland.
And Americas “strengthening” aka terrible
Selling Banking “robust pipeline” and “momentum” and not talking about landmark success and just selling baseless hopeium
Based on the most helpful WSO content, the UBS CFO's comments suggest a mixed picture for their Investment Banking (IB) division. While UBS highlights strong franchises in Asia, Europe, and Switzerland, the Americas are described as "strengthening," which could imply underperformance or a lagging position compared to other regions. The emphasis on a "robust pipeline" and "momentum" without specific landmark successes might come across as optimistic but lacking concrete achievements, potentially signaling challenges in the Americas IB operations.
Sources: Future of Investment Banking | Outlook Beyond 2021, 2020s Investment Banking Outlook, How is UBS in 2021?
Ultimate burn for UBS Americas. Everywhere is top notch, but UBS Americas “needs focus” since they are still improving
Everyone knows UBS GB Americas blows
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