UBS is secure and well capitalized
We expect the combined group to operate well above our CET1 capital ratio target of 13%
Committed to our capital return policy and a progressive dividend per share while temporarily pausing share buybacks
The combination will reduce the proportion of capital allocated to the Investment Bank to a maximum of 25% of risk-weighted assets
We are focused on maintaining UBS’s conservative risk culture throughout the integration
Accelerating our strategy
We are the only truly global player among leading wealth managers with strategic scale and complementary capabilities in the most attractive growth markets
The new group has around USD 5 trillion of invested assets and has become the No. 2 wealth manager in the world overnight
The transaction helps unlock earnings growth potential, allowing for reinvestment in our business over the long term to deliver best-in-class client services and advisory capabilities
Together, better for clients
An enhanced, combined offering will help clients achieve their financial goals, thanks to additional value, scale, services and global reach
Our increased scale will be a significant advantage to our clients as it increases reach and access, enabling us to work with the best and most successful hedge fund and alternative asset managers
Clients across a broader set of geographies will benefit from our highly complementary product offering
