'A day we hoped would not happen': UBS chair cements strategy post Credit Suisse acquisition

UBS AGM

UBS Group chair Colm Kelleher has asserted the firm’s growth ambitions are focused on wealth and asset management, and its strategy would remain unchanged by the acquisition of Credit Suisse.

Speaking at the group's AGM today (5 April), Kelleher described the purchase of Credit Suisse as "a historic day and a day we hoped would not happen". He added it was a "significant milestone" for UBS and Credit Suisse, and the global financial industry. 'It was too late': Credit Suisse chair Lehmann apologises for bank failure "Credit Suisse will no longer be an independent company," he said. "It was an icon of the Swiss economy, a bank that played a vital role in the economic development of Switzerland, and a global and respected player. We recognise and honour Credit Suisse's ac...