Ermotti Sees Geopolitical Volatility Stretching Out a Decade

UBS Group AG’s Chief Executive Officer Sergio Ermotti says his business is benefiting from the global political gyrations that are prompting clients to shift their portfolios, and expects that to continue for years to come.

“Geopolitical and macroeconomic uncertainty is creating volatility,” Ermotti said in an interview on Bloomberg Television. “This is something I’m pretty convinced we’re going to have to live with also in the next decade or so.”