UBS chairman sees possible ‘upside’ to bank’s return on equity target

UBS's return on equity may be higher than currently expected, once the integration of its former rival, Credit Suisse, has been completed, its chairman said on Wednesday. "We have given a 15% target exit ROE at the end of 2026 as a guideline and obviously there may be upside on that," Colm Kelleher said in an interview with Bloomberg in Davos. Kelleher, who has in the past spoken out against the culture at Credit Suisse, said the people that UBS has taken on following the takeover have fit in well.