UBS Group AG

UBSG: XSWX (CHE)
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CHF 72.30MfvrtjTjgljqtxg

UBS Earnings: Net Client Inflows in Legacy Credit Suisse Operations

UBS has managed to stem client outflows earlier than we anticipated. A significant positive development was the $22 billion of net new client inflows the consolidated wealth management business booked for the quarter—$3 billion of these inflows came from the legacy Credit Suisse wealth management business, and this comes after Credit Suisse lost $183 billion of its client assets over the previous four quarters.

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