Exclusive: UBS Committed to China, Sees Opportunities After Credit Suisse Deal

UBS Group AG is looking to further expand its presence in China, a market that remains important to the company, CEO Sergio Ermotti told Caixin during his first trip to China since the Swiss banking giant took over troubled rival Credit Suisse Group AG in June.

“We have been a pioneer [in China] and we want to continue to play a role of a leader here, particularly now — after the acquisition of Credit Suisse, we are definitely moving up a further level in terms of breadth and capabilities that I’m sure will serve us well in China,” he said in an interview with Caixin in Beijing on Monday.