“We may want to do an acquisition. I don’t know about any big organizations that can rule out acquisitions,” Ermotti said at a conference in the Swiss town of St. Gallen on Wednesday. UBS doesn’t necessarily need a deal to achieve its expansion goals, which include growing wallet share among US clients, he added.
UBS CEO Sergio Ermotti
Source: Raul Ariano/Bloomberg
The bank has been working for years to turn around its wealth business in the US. Last month, the ...