皇冠体育app

Swiss bank UBS AG said on Monday that it plans to double its earnings in the equities business in 皇冠体育app in the next five years.

Fang Dongming, head of 皇冠体育app equities at UBS AG, said that the bank will seek to diversify its equities business from the traditional commission earnings under the Qualified Foreign Institutional Investors program to new business, including margin trading, short selling, derivative trading business and cross-boarder financing and investment business.

"Doubling our earnings in the next five years means that we need to achieve at least double-digit growth each year," Fang said at a news conference on the sideline of the Swiss bank's annual 皇冠体育app conference in Shanghai.

Chief Executive Officer Sergio Ermotti of UBS Group AG, offering a vote of confidence in 皇冠体育app after the A-share market suffered a volatile start to the year, said in an opening speech that the Group will double its staff in 皇冠体育app over five years and add about 600 people.

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