UBS should quit Switzerland, says major shareholder

Published on October 1, 2026

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UBS shareholder Artisan Partners has urged the Swiss bank to leave the country, saying the lender faces a “grim reality” with stricter capital rules. “The simple fact is that Switzerland is no longer an attractive or desirable location for UBS,” Artisan Partners portfolio managers, including Daniel O’Keefe, wrote in a letter to UBS’s board on Wednesday. Artisan Partners said it collectively manages more than 60 million UBS shares on behalf of clients, or about 1.8% of UBS’s total shares outstanding. Earlier this month, Switzerland’s upper house of parliament, or Senate, unexpectedly backed a plan that the bank has said will require an additional $16 billion in CET1 capital. The next round moves to the lower house where the plan could yet be watered down, and a decision is unlikely before next year. UBS rejected the decision, saying it’s “not a compromise.” “As we have consistently stated, our goal is to continue operating successfully as a global bank from Switzerland,” a UBS ... Full story here Are you the author?

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SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.

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