MADRID, 20 Mar. (EUROPA PRESS) –
The CEO of UBS, Ralph Hamers, considers that the solution found for Credit Suisse, together with the Swiss authorities and which involves the acquisition of the entity for 3,000 million Swiss francs (3,037 million euros), provides security and stability and contributes to uphold Switzerland’s reputation as a financial centre.
“The acquisition means that we are restoring stability and security to Credit Suisse’s clients. But also that we are upholding the reputation of the Swiss financial center,” Hamers said in an interview with SRF.
The UBS chief executive has so far refrained from offering details about possible workforce adjustments after the acquisition of his rival, which has around 50,000 employees, noting that there is no plan yet and stressing that there are always synergies when they merge. banks.
Likewise, Hamers has emphasized the different risk culture of the two entities, so he sees opportunities to contain risks in the future.
In this sense, he has pointed out the importance of transforming Credit Suisse’s investment banking business into a “light investment bank”, as UBS has done. “We are not at as much risk,” she pointed out.
“We are building a bigger UBS with less risk. Even after the merger, we have a good capital ratio and a support framework from the National Bank,” he added.
