Sergio Ermotti

Sergio Ermotti has most recently been quoted in an article called Low interest rates in Europe fueling inequality: UBS CEO. Sergio Ermotti said, “But it is starting to affect savings, most pension fund systems, insurance companies and the confidence of people who have been saving money thinking that they can leave a little bit out of their income to continue to prosper. It is creating this sense of inequality that goes on in Europe.”. Sergio Ermotti has been quoted a grand total of 16 times in 9 articles.

Sergio Ermotti quotes

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I think if the collateral damage of low (interest) rates or negative rates would only affect banks, it would be okay.

But it is starting to affect savings, most pension fund systems, insurance companies and the confidence of people who have been saving money thinking that they can leave a little bit out of their income to continue to prosper. It is creating this sense of inequality that goes on in Europe.

We are happy to see that post-elections (in the U.S), we see both people that supported (President-elect Donald) Trump and people that were supporting (Hillary) Clinton becoming more positive about the economic outlook and being willing to consider investments going forward. Now, we need to see them translating that desire into reality.

We have a Frankfurt base where we house our wealth management operations and not just that... We have a framework in place and infrastructure that can be expanded if needed.

We need a higher degree of certainty in order to take action, it will be extremely expensive otherwise.

We delivered a strong performance across our businesses, despite seasonality and continued macroeconomic, geopolitical and market headwinds. Our strong position allows us to focus on helping our clients navigate the current environment. We will continue to execute with discipline and manage risk and resources prudently.

The last two weeks are a testament to that. The same kind of dynamics seven or eight years ago would have created a major fallout.

Each bank should really try to figure out, What is my DNA? What is my relevance to clients?

Central banks, on their own, cannot address the structural problems we are facing, particularly in Europe.

Central banks can only help transition it from one place to the other. It's not the only medicine available to address the issues we have.

With respect to what we have experienced so far in the third quarter, normal seasonality, underlying macroeconomic uncertainty and heightened geopolitical tensions continue to contribute to client risk aversion and generally low transaction volumes. In some businesses and regions in which our IB (investment bank) operates, conditions have remained challenging through the third quarter.

We are not really pushing clients to execute trades because their risk aversion is so high.

There is very little visibility about the future on every front, both macro and geopolitical. I don't see any relief in the foreseeable future.

It is the kind of volatility that de facto paralyzes a lot of investors. You see a lot of volatility which de facto scares people more than being a constructive element for our businesses.

We are fulfilling our commitments (to paying at least 50 percent of net profits to shareholders).

We ended up buying a lot more shares than our clients wanted, because the Nasdaq made a big error. They have recognised and acknowledged that error. Now we will use legal means to be reimbursed for that loss.

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