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UBS Group AG Chief Executive Officer Sergio Ermotti said the firm “cannot rule out” an acquisition.
UBS CEO Sergio Ermotti stated the firm cannot rule out acquisitions in the Americas.
KEY POINTS
- UBS does not require an acquisition to meet its US expansion targets, according to Ermotti.
- Ermotti emphasized that few large organizations can definitively exclude acquisitions as a strategy.
- UBS aims to grow its wallet share among US clients regardless of acquisition decisions.
COMPANIES
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