UBS Results Presentation Deck
Integration of Credit Suisse (Schweiz) is the best path forward
Credit Suisse (Schweiz) would struggle as a
standalone entity even in a focused spin-off
scenario
1
2
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Sub-scale, low profitability
Substantial funding gap
Lower value creation for our
shareholders on a standalone basis
Full integration offers most benefits
Clients
Best-in-class,
complementary offering
Even stronger partner
domestically and globally
Financials and funding
UBS 1 Legal merger between Credit Suisse (Schweiz) AG and UBS Switzerland AG
Greater value
for shareholders
Stronger balance sheet and even more
diversified business model
Workforce
Highly attractive employee
proposition reinforced
Small difference in redundancies between
both scenarios
Our plan
UBS and Credit Suisse to continue to operate separately in Switzerland while preparing for legal merger¹ (planned in 2024)
Credit Suisse brand in Switzerland to remain for the time being
Client migration expected to be completed in 2025
Feasibility and risks
Substantially lower IT cost
and shorter timeline
Reduced execution
and regulatory risk
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