For the last eight years, UBS has consistently assessed its performance
against a set of four measures that were designed
to measure the delivery of continuously improving returns to
its shareholders.
On average, through periods of varying market conditions,
UBS will:
seek to increase the value of its firm by achieving a
sustainable,
after-tax return on equity of a minimum of
20%;
aim to achieve a clear growth trend in net new money for
all financial businesses, including Global Wealth Management
& Business Banking as well as Global Asset Management;
target a double-digit percentage growth for diluted earnings
per share (EPS); and
continue to manage business group and business unit
cost / income ratios at levels that compare well with competitors.
The cost / income ratio target is limited to the financial
businesses.