UBS(US:UBS)2026-02-09 16:32UBS Group 2026 Conference Summary Company Overview - Company: UBS Group (NYSE: UBS) - Event: 2026 Conference - Date: February 09, 2026 Key Points Financial Performance and Integration - UBS surpassed $7 trillion in invested assets, marking a significant achievement in 2025 [4] - Financial results showed substantial year-on-year growth, with all regions and businesses contributing to profit before tax (PBT) growth [5] - The integration of 950,000 clients from Credit Suisse's platform is nearly complete, with $11 billion in cost savings identified since the integration began [6] - A 22% increase in dividends and $3 billion in share buybacks were delivered to shareholders [7] Client Engagement and Market Outlook - Clients remain broadly constructive in asset allocation, with no major shifts observed despite market volatility [12] - There is a growing focus on diversification and hedging among clients, indicating a cautious approach to investments [13] - The company anticipates a positive momentum in net new asset growth in the second half of the year, projecting over $200 billion in net new assets by 2028 [32] U.S. Strategy and Market Position - UBS has been profitable in the U.S. for the last 10 years, but profitability levels are not competitive compared to peers [20] - The company manages $2.3-$2.4 trillion in assets in the U.S., but lacks comprehensive banking capabilities compared to competitors [21] - Conditional approval from the OCC for a national charter is expected to enhance deposit penetration and net interest income (NII) [24] Regulatory Environment and Capital Allocation - The regulatory landscape in Switzerland is evolving, with UBS facing the highest minimum capital requirements among global systemically important banks (G-SIBs) [41] - UBS is focused on maintaining growth and capital return policies despite potential new regulations [45] - The company emphasizes the importance of a sustainable business model to remain competitive in the long term [47] Investment Banking and Market Activity - UBS is experiencing strong momentum in the capital markets pipeline, with increased interest from corporates and institutional clients [49] - The company acknowledges the need for caution due to geopolitical and macroeconomic uncertainties that may affect transaction execution [51] Alternatives and AI Integration - UBS has merged its alternatives capabilities, becoming the fifth largest limited partner in the industry with $330 billion in assets [61] - The company aims to increase its allocation to alternatives from 5% to around 10% over time [62] - AI is expected to enhance operational efficiencies, particularly in back-end processes, with a focus on client benefits [78] Conclusion - UBS is committed to completing its integration and enhancing its capabilities while navigating a complex regulatory environment and competitive landscape [15][17] - The company is focused on long-term growth, client engagement, and leveraging technology to improve service delivery and operational efficiency [80]