UBS - Global Wealth Management & Business Banking


Marcel Rohner \| Chairman and CEO Global Wealth Management &

Global Wealth Management & Business Banking's pre-tax profit was a record CHF 2,244 million in first quarter 2007, an increase of 3% from fourth quarter 2006. Pre-tax profit for the international and Swiss wealth management businesses, at an all-time high of CHF 1,501 million, was up 6% from fourth quarter 2006. Wealth Management US's pre-tax profit was CHF 171 million, down slightly from fourth quarter 2006. Net new money inflows from the wealth management businesses were CHF 44.8 billion in first quarter, more than double last quarter's performance. Business Banking Switzerland's pre-tax profit was CHF 572 million, down 4% from fourth quarter 2006.

Search only in Quarterly Reporting Q1 2007

Spreadsheets

Business Group reporting

Business Group reporting
	As of or for the quarter ended			% change from
CHF million, except where indicated	31.3.07	31.12.06	31.3.06	4Q06	1Q06
Income	5,961	5,666	5,388	5	11
Adjusted expected credit loss ¹	50	34	43	47	16
Total operating income	6,011	5,700	5,431	5	11
Cash components	2,595	2,275	2,301	14	13
Share-based components ²	82	82	77	0	6
Total personnel expenses	2,677	2,357	2,378	14	13
General and administrative expenses	712	775	707	(8)	1
Services (to) / from other business units	301	295	258	2	17
Depreciation of property and equipment	52	65	52	(20)	0
Amortization of intangible assets	25	19	15	32	67
Total operating expenses	3,767	3,511	3,410	7	10
Business Group performance before tax	2,244	2,189	2,021	3	11

KPIs
Cost / income ratio (%) ³	63.2	62.0	63.3

Capital return and BIS data
Return on allocated regulatory capital (%) ⁴	41.0	39.3	39.8
BIS risk-weighted assets	160,475	155,158	150,969	3	6
Goodwill and excess intangible assets ⁵	6,284	5,978	5,391	5	17
Allocated regulatory capital ⁶	22,332	21,494	20,488	4	9

Additional information
Invested assets (CHF billion)	2,229	2,123	1,965	5	13
Net new money (CHF billion) ⁷	47.5	20.0	35.4
Client assets (CHF billion)	3,436	3,337	3,070	3	12
Personnel (full-time equivalents)	48,931	48,034	44,488	2	10
1 In management accounts, adjusted expected credit loss rather than credit loss expense or recovery is reported for the business groups (see note 2 to the financial statements). 2 Additionally includes social security contributions and expenses related to alternative investment awards. 3 Operating expenses / income. 4 Year to date Business Group performance before tax (annualized as applicable) / allocated regulatory capital year to date average. 5 Goodwill and intangible assets in excess of 4% of BIS Tier 1 Capital. 6 10% of BIS risk-weighted assets plus goodwill and excess intangible assets. 7 Excludes interest and dividend income.

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