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CS integration completed according to UBS CEO - next transformation just around the corner (archive image)
Keystone
According to its CEO Sergio Ermotti, the major bank UBS is making good progress. The integration of Credit Suisse, which was acquired three years ago, is making great progress. At the same time, management is working on preparing the bank for the coming decade.
"2025 was another very good year for UBS," said Ermotti at the Annual General Meeting in Basel on Wednesday, according to the text of his speech. And the bank is on track to return UBS's profitability to the level of 2022 by 2028. "In other words, before the takeover of Credit Suisse," said Ermotti.
The last Credit Suisse clients in Switzerland were successfully transferred to the UBS systems in March. "This means we have essentially completed the migration of around 1.2 million client relationships worldwide."
The integration in the various divisions and in the central group functions has also been completed. And UBS has "further significantly reduced" its legal risks, explained the UBS boss.
However, management is not only working on completing the integration and implementing the short and medium-term priorities. "We also want to prepare UBS for the next decade," said Ermotti. Technology and artificial intelligence play a particularly important role in this.
The bank is therefore investing "on a large scale" in transformative programs in the area of artificial intelligence. These programs would "fundamentally redesign" the processes at UBS, improve customer service and make the bank more resilient.
At the same time, UBS also sees new opportunities arising from digital assets and tokenization. "This can fundamentally change the way we work."
15.04.2026, 10:55
