Switzerland’s second-biggest bank also laid out plans to boost growth in wealth management, aiming to grow wealth-related pre-tax profit to 5.0 - 5.5 billion Swiss francs by 2023 or approximately 10% annually, as well as investment banking.
“Today, we are outlining ... broad-based investment initiatives to accelerate growth in our Wealth Management-related businesses and our Investment Bank,” Thomas Gottstein said in remarks prepared for his first investor outlook presentation as CEO. The bank last year set an ambition for a return on tangible equity ambition of approximately 10% for 2020, with an aim to reach an RoTE above 12% in the medium term.
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