UBS Group AG's (UBS) CEO Sergio Ermotti on Q4 2017 Results - Earnings Call Transcript

Jan. 22, 2018 3:57 PM ETUBS Group AG (UBS)
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UBS Group AG (NYSE:UBS) Q4 2017 Earnings Conference Call January 22, 2018 3:00 AM ET


Caroline Stewart - Head of IR

Sergio Ermotti - Group CEO

Kirt Gardner - CFO


Magdalena Stoklosa - Morgan Stanley

Stefan Stalmann - Autonomous Research

Jeremy Sigee - Exane

Anke Reingen - Royal Bank of Canada

Andrew Stimpson - Bank of America

Andrew Coombs - Citigroup

Jon Peace - Credit Suisse

Andrew Lim - Societe Generale

Kinner Lakhani - Deutsche Bank

Al Alevizakos - HSBC

Piers Brown - Macquarie

Kian Abouhossein - JPMorgan

Amit Goel - Barclays

Caroline Stewart

Good morning everyone. This is Caroline Stewart here, Head of Investor Relations at UBS and welcome to our fourth quarter results presentation. This morning Sergio will provide an overview of our results and targets and Kirt will take you through the details of our results. After that, we would be happy to take your questions.

Before I hand over to Sergio, I’d like to remind I'd like to remind you that today's call may include forward-looking statements. These statements represent the firm's belief regarding future events that by the very nature are uncertain and outside of the firm's control and our actual results and financial condition may vary materially from our belief. Please see the cautionary statement included in today's presentation on the discussion of risk factors and in our Annual Report 2016 for a description of some of the factors that may affect our future results and financial condition.

Thank you. And with that I'd like to hand over to Sergio.

Sergio Ermotti

Thank you, Caroline and good morning, everyone. 2017 was an excellent year for us. We delivered stronger financial results and met our net cost reduction target. Greater regulatory clarity means we can open a new chapter for UBS, allowing us to sharpen our focus on growth

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