UBS CEO: China still 'absolute engine' of growth - Breaking The News

UBS CEO: China still 'absolute engine' of growth

10 February

1 min read

EPA-EFE/LAURENT GILLIERON

UBS Group CEO Sergio Ermotti highlighted on Monday the bank's ongoing commitment to China and Hong Kong as pivotal growth markets.

Acknowledging the inherent volatility in these regions, Ermotti emphasized that Asia remains a significant factor, calling it an "absolute engine" of growth for the company which today launched the UBS Financial Services Conference 2025. Last week, UBS reported a net profit of $800 million for the fourth quarter and a full-year profit of $5.1 billion in 2024.

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