UBS Group AG (UBSS:CA) Presents at Bank of America 30th Annual Financials CEO Conference 2025 Transcript


UBS Group AG (NEOE:UBSS:CA) Bank of America 30th Annual Financials CEO Conference 2025 September 16, 2025 6:00 AM EDT

Company Participants

Todd Tuckner – Group CFO & Member of Executive Board

Conference Call Participants

Antonio Reale – BofA Securities, Research Division

Presentation

Antonio Reale
BofA Securities, Research Division

Hello from my side. It’s a pleasure to have our next speaker up. I think it’s one of the most intellectually interesting equity stories out there. And we’ve got the CFO of UBS, Todd Tuckner. Todd, thank you very much for joining us today. So as usual, we keep this into sort of informal Q&A. We’ll go through some initial remarks, and then we’ll open up for questions from the audience.

Question-and-Answer Session

Antonio Reale
BofA Securities, Research Division

Well, a lot has happened in the last 12 months or so. To start with, maybe we can talk us through the process and the latest developments that you’ve seen regarding the council proposal that was presented by the Swiss Federal Council. The public consultation is still ongoing? Are you going to present your position before the end of September deadline?

Todd Tuckner
Group CFO & Member of Executive Board

Yes. Thanks, Antonio. Great to be here. Yes. So as you say, the consultation process is ongoing through the end of September, and it’s the consultation process regarding the ordinance proposals, mainly having to do with DTAs and software. We do intend to publish our formal comments before the end of the month and publish them at the same time on our website. Our objective in the comments really to be quite factual and to talk about the impact and the consequences if the proposals were to be adopted as they’re currently drafted. We’re also assessing whether and what form we might take questions from analysts and the media in connection with our



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