UBS not seeking to benefit from crisis at Credit Suisse- chair By Reuters


© Reuters. FILE PHOTO: Colm Kelleher, Chairman of UBS Group AG, speaks during the Global Financial Leaders Investment Summit in Hong Kong, China November 2, 2022. REUTERS/Tyrone Siu

ZURICH (Reuters) – UBS is not actively benefiting from the crisis at rival Credit Suisse, UBS Chairman Colm Kelleher told a Financial Times banking conference.

He also said rich clients at UBS, the world’s biggest wealth manager, were holding more cash than at any time since the financial crisis of 2008.

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