UBS Group (UBSG) UBS Financial Services Conference 2026 summary

Key achievements and financial performance

• Surpassed $7 trillion in invested assets and achieved strong year-on-year financial results, exceeding cost of equity for the first time post-restructuring.

• All regions and business lines contributed to profit growth, highlighting the value of a diversified model.

• Completed major integration milestones, migrating 950,000 clients and achieving nearly $11 billion in cost savings, with an additional $500 million identified.

• Increased dividend by 22% and executed $3 billion in share buybacks, while investing in people, AI, and future capabilities.

• Integration nearly complete, enabling renewed focus on operational efficiency and client service.

Strategic priorities and outlook

• Focused on completing integration and delivering 2026 targets, including final client migrations and risk management improvements.

• Investing in AI, process redesign, and talent to prepare for long-term growth and industry trends.

• Emphasizing discipline and client focus to remain competitive amid fierce industry competition.

• U.S. strategy centers on improving profitability, expanding banking capabilities, and leveraging a new national charter to deepen client relationships.

• Targeting mid-teens pre-tax margins in the U.S. by 2028, while acknowledging structural differences with U.S. peers.

Wealth management and asset growth

• Willing to sacrifice short-term growth for efficiency, focusing on profitable client relationships and advisor productivity.

• Expecting positive net new asset momentum in the U.S. in the second half of the year, with a goal of over $200 billion in net new assets by 2028.

• Adjusted compensation structures to incentivize growth and align with shareholder interests.