--- title: "Meaning & Key Takeaway of: We have a very competitive and profitable…" description: "\"We have a very competitive and profitable investment bank and strong asset management capabilities. We want to continue to build on all those businesse..." image: "https://sms4smile.com/quotes/i/14f/sergio-ermotti-23238_bank_we-have-a-very-competitive-and-profitabl_2491294.jpg" --- # We have a very competitive and profitable investment bank… ![“We have a very competitive and profitable investment bank and strong asset management capabilities. We want to continue to build on all those businesses organically.” quote by Sergio Ermotti](https://sms4smile.com/quotes/i/14f/sergio-ermotti-23238_bank_we-have-a-very-competitive-and-profitabl_2491294.jpg) [Download](https://sms4smile.com/quotes/i/14f/sergio-ermotti-23238_bank_we-have-a-very-competitive-and-profitabl_2491294.jpg) [Open image](https://sms4smile.com/quotes/i/14f/sergio-ermotti-23238_bank_we-have-a-very-competitive-and-profitabl_2491294.jpg) > “We have a very competitive and profitable investment bank and strong asset management capabilities. We want to continue to build on all those businesses organically.” [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The firm aims to grow existing profitable divisions through internal expansion rather than acquisitions. **In simple terms:** Focus on organic growth of current businesses. Key Takeaway Prioritize internal development. Themes growth profitability strategy Mood strategic optimistic Type business financial When to use this quote - expanding client services - enhancing product lines - strengthening internal teams - leveraging existing capabilities Key Concepts organic expansion asset management investment banking Questions to Reflect On - How can we sustain growth without acquisitions? - What internal capabilities need strengthening? A Different Perspective External market shocks could limit organic growth. ★ ★ ★ ★ ★ No ratings yet [Asset Management](https://sms4smile.com/quotes/about/asset-management-734395/) [Bank](https://sms4smile.com/quotes/about/bank/) [Business](https://sms4smile.com/quotes/about/business/) [Businesses Organically](https://sms4smile.com/quotes/about/businesses-organically-967632/) [Continue](https://sms4smile.com/quotes/about/continue/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Investment Bank](https://sms4smile.com/quotes/about/investment-bank-338604/) [Management](https://sms4smile.com/quotes/about/management/) [Profitable Investment](https://sms4smile.com/quotes/about/profitable-investment-314991/) [Strong Asset](https://sms4smile.com/quotes/about/strong-asset-967631/) ## Related quotes > [Many businesses in an investment bank, not only at UBS, are structurally a loss leader, so they don't pay for the cost of capital.](https://sms4smile.com/quotes/sergio-ermotti/many-businesses-in-an-investment-bank-not-only-at-ubs-are/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [The National Empowerment Fund we established some time back. And one of the challenges was to build a strong enough asset base for it…](https://sms4smile.com/quotes/thabo-mbeki/the-national-empowerment-fund-we-established-some-time-back-and-one/) [Thabo Mbeki](https://sms4smile.com/quotes/author/thabo-mbeki/) > [I've nothing against Goldman Sachs. But Goldman Sachs isn't an investment bank. Goldman Sachs is a hedge fund. It's bigger than any hedge fund.…](https://sms4smile.com/quotes/nouriel-roubini/i-ve-nothing-against-goldman-sachs-but-goldman-sachs-isn-t-an/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [I went to work on Wall Street for about three or four years with an investment bank, got certified: series 3, series 7, and…](https://sms4smile.com/quotes/john-layfield/i-went-to-work-on-wall-street-for-about-three-or-four-years-with-an/) [John Layfield](https://sms4smile.com/quotes/author/john-layfield/) > [Our investment bank looks like it does because its customers like our expansive network and want to do equity, debt, M&A, custody, move money,…](https://sms4smile.com/quotes/jamie-dimon/our-investment-bank-looks-like-it-does-because-its-customers-like-our/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [A national investment bank can invest to provide us with the foundations of shared and ecologically sustainable growth: renewing the U.K.'s energy, digital and…](https://sms4smile.com/quotes/jeremy-corbyn/a-national-investment-bank-can-invest-to-provide-us-with-the/) [Jeremy Corbyn](https://sms4smile.com/quotes/author/jeremy-corbyn/) > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) > [Liverpool will be the most profitable investment I've ever made.](https://sms4smile.com/quotes/tom-hicks/liverpool-will-be-the-most-profitable-investment-i-ve-ever-made/) [Tom Hicks](https://sms4smile.com/quotes/author/tom-hicks/) > [We got more provisions for our whiskey than the same money, which we paid for the liquor, would have bought; so after all it…](https://sms4smile.com/quotes/buffalo-bill/we-got-more-provisions-for-our-whiskey-than-the-same-money-which-we/) [Buffalo Bill](https://sms4smile.com/quotes/author/buffalo-bill/) > [“There is no more profitable investment than investing in yourself. It is the best investment you can make; you can never go wrong with…](https://sms4smile.com/quotes/roy-t-bennett/there-is-no-more-profitable-investment-than-investing-in-yourself-it/) [Roy T. Bennett](https://sms4smile.com/quotes/author/roy-t-bennett/) > [“Applying the right procedures and policies to asset management allows IT to create a realistic budget with few surprises, and keep best practices to…](https://sms4smile.com/quotes/pearl-zhu/applying-the-right-procedures-and-policies-to-asset-management-allows/) [Pearl Zhu](https://sms4smile.com/quotes/author/pearl-zhu/) > [I think the asset management industry, especially in the US, is going through a pretty tough time. If you talk to the CEO of…](https://sms4smile.com/quotes/martin-gilbert/i-think-the-asset-management-industry-especially-in-the-us-is-going/) [Martin Gilbert](https://sms4smile.com/quotes/author/martin-gilbert/) > [I think there are probably too many asset management companies in the world, and I think the place to be is either big or…](https://sms4smile.com/quotes/martin-gilbert/i-think-there-are-probably-too-many-asset-management-companies-in-the/) [Martin Gilbert](https://sms4smile.com/quotes/author/martin-gilbert/) > [I thought if we could put our hard-working culture as traders into the asset management, it will be a great combination, and we did…](https://sms4smile.com/quotes/ivan-glasenberg/i-thought-if-we-could-put-our-hard-working-culture-as-traders-into/) [Ivan Glasenberg](https://sms4smile.com/quotes/author/ivan-glasenberg/) > [Asset management CEOs globally are looking at their business models. They're looking at costs, they're looking at making their businesses more efficient, because they're…](https://sms4smile.com/quotes/martin-gilbert/asset-management-ceos-globally-are-looking-at-their-business-models/) [Martin Gilbert](https://sms4smile.com/quotes/author/martin-gilbert/) ## More by Sergio Ermotti > [Can a bank that is part of this society be sure that it has no bad apples? No, because, like in all other industries…](https://sms4smile.com/quotes/sergio-ermotti/can-a-bank-that-is-part-of-this-society-be-sure-that-it-has-no-bad/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [In 1987, Merrill Lynch asked me to open a Swiss capital markets operation. I was 27. In hindsight, I was lucky enough to start…](https://sms4smile.com/quotes/sergio-ermotti/in-1987-merrill-lynch-asked-me-to-open-a-swiss-capital-markets/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [People should never take things for granted.](https://sms4smile.com/quotes/sergio-ermotti/people-should-never-take-things-for-granted/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [Philanthropic funding can play a vital role in testing and stimulating innovation that, when proven, can be implemented at scale by business or government.](https://sms4smile.com/quotes/sergio-ermotti/philanthropic-funding-can-play-a-vital-role-in-testing-and/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [Many businesses in an investment bank, not only at UBS, are structurally a loss leader, so they don't pay for the cost of capital.](https://sms4smile.com/quotes/sergio-ermotti/many-businesses-in-an-investment-bank-not-only-at-ubs-are/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [We have to have a business model that can be a sustainable and acceptable one to both regulators and the other stakeholders, clients, and…](https://sms4smile.com/quotes/sergio-ermotti/we-have-to-have-a-business-model-that-can-be-a-sustainable-and/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [If I have to tell you what was and is my mission, I think UBS can be the Apple or IBM of the banking…](https://sms4smile.com/quotes/sergio-ermotti/if-i-have-to-tell-you-what-was-and-is-my-mission-i-think-ubs-can-be/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [Wealth management businesses are capital light businesses.](https://sms4smile.com/quotes/sergio-ermotti/wealth-management-businesses-are-capital-light-businesses/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [While government clearly plays the major role in fighting poverty through policies on things such as education, tax, and trade, business creates the wealth…](https://sms4smile.com/quotes/sergio-ermotti/while-government-clearly-plays-the-major-role-in-fighting-poverty/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [Everything is always feasible if you run a corporate finance exercise: you can always try to come out with a justification on how things…](https://sms4smile.com/quotes/sergio-ermotti/everything-is-always-feasible-if-you-run-a-corporate-finance-exercise/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [Growth is what solves most of the big economic and social problems: poverty, government deficits, quality of life, rising healthcare and retirement costs.](https://sms4smile.com/quotes/sergio-ermotti/growth-is-what-solves-most-of-the-big-economic-and-social-problems/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [When you start to get shareholders, clients, employees, rating agencies, and everybody converging, and then your competitors bad-mouth you, you know you did the…](https://sms4smile.com/quotes/sergio-ermotti/when-you-start-to-get-shareholders-clients-employees-rating-agencies/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [Today's investors want to see a positive impact on society and the environment as well as solid financial returns.](https://sms4smile.com/quotes/sergio-ermotti/today-s-investors-want-to-see-a-positive-impact-on-society-and-the/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [Impact investment is an important business driver, and more importantly, it is a business driver because clients want it.](https://sms4smile.com/quotes/sergio-ermotti/impact-investment-is-an-important-business-driver-and-more/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) > [I'm totally convinced that the battleground of banking is not the front office. The battleground is the back end.](https://sms4smile.com/quotes/sergio-ermotti/i-m-totally-convinced-that-the-battleground-of-banking-is-not-the/) [Sergio Ermotti](https://sms4smile.com/quotes/author/sergio-ermotti/) [Explore all 26 Sergio Ermotti quotes ](https://sms4smile.com/quotes/author/sergio-ermotti/) ## More Bank quotes > [It isn't what a man's got in the bank, but what he's got in his head, that makes him a great merchant.](https://sms4smile.com/quotes/george-horace-lorimer/it-isn-t-what-a-man-s-got-in-the-bank-but-what-he-s-got-in-his-head/) [George Horace Lorimer](https://sms4smile.com/quotes/author/george-horace-lorimer/) > [My aim was to make money for the bank. You lose track of the amounts involved when you are engaged in this kind of…](https://sms4smile.com/quotes/jerome-kerviel/my-aim-was-to-make-money-for-the-bank-you-lose-track-of-the-amounts/) [Jerome Kerviel](https://sms4smile.com/quotes/author/jerome-kerviel/) > [I earnestly feel terrible for any mistakes at the bank.](https://sms4smile.com/quotes/steve-mnuchin/i-earnestly-feel-terrible-for-any-mistakes-at-the-bank/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [You can look at the West Bank. Cities are like prisons. They can be closed quickly by the Israeli forces, and everything stops in…](https://sms4smile.com/quotes/hassan-nasrallah/you-can-look-at-the-west-bank-cities-are-like-prisons-they-can-be/) [Hassan Nasrallah](https://sms4smile.com/quotes/author/hassan-nasrallah/) > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) > [The situation in the West Bank and Gaza involves a military occupation amid urban guerrilla warfare, analogous to the British security measures in Northern…](https://sms4smile.com/quotes/jack-schwartz/the-situation-in-the-west-bank-and-gaza-involves-a-military/) [Jack Schwartz](https://sms4smile.com/quotes/author/jack-schwartz/) > [Remember, your bank will never call and ask you to hand over account numbers or say you must swap money from one account to…](https://sms4smile.com/quotes/angela-rippon/remember-your-bank-will-never-call-and-ask-you-to-hand-over-account/) [Angela Rippon](https://sms4smile.com/quotes/author/angela-rippon/) > [I couldn't be working in a bank and launch a clothing line. It's only because cinema gave me a lot of access that I…](https://sms4smile.com/quotes/vijay-deverakonda/i-couldn-t-be-working-in-a-bank-and-launch-a-clothing-line-it-s-only/) [Vijay Deverakonda](https://sms4smile.com/quotes/author/vijay-deverakonda/) > [If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about…](https://sms4smile.com/quotes/jeroen-dijsselbloem/if-there-is-a-risk-in-a-bank-our-first-question-should-be-okay-what/) [Jeroen Dijsselbloem](https://sms4smile.com/quotes/author/jeroen-dijsselbloem/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [True wealth is not measured by how much money you've got in the bank or how many toys you've got. Some of the happiest…](https://sms4smile.com/quotes/rashad-evans/true-wealth-is-not-measured-by-how-much-money-you-ve-got-in-the-bank/) [Rashad Evans](https://sms4smile.com/quotes/author/rashad-evans/) > [I might have added zeros to my bank balance and followers to my Instagram account, but apart from that, I still lead a middle-class…](https://sms4smile.com/quotes/vikrant-massey/i-might-have-added-zeros-to-my-bank-balance-and-followers-to-my/) [Vikrant Massey](https://sms4smile.com/quotes/author/vikrant-massey/) > [Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.](https://sms4smile.com/quotes/urjit-patel/monetary-policy-transmission-encompasses-the-whole-continuum-of/) [Urjit Patel](https://sms4smile.com/quotes/author/urjit-patel/) > [I actually love Twitter and Instagram. I do think it's so strange to think that 20 years ago, people would never have known personal…](https://sms4smile.com/quotes/lorde/i-actually-love-twitter-and-instagram-i-do-think-it-s-so-strange-to/) [Lorde](https://sms4smile.com/quotes/author/lorde/) > [The Oslo Accords in 1993 determined that the Gaza Strip and the West Bank are a single territorial entity which cannot be divided. Immediately,…](https://sms4smile.com/quotes/noam-chomsky/the-oslo-accords-in-1993-determined-that-the-gaza-strip-and-the-west/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) [Browse all 916 Bank quotes ](https://sms4smile.com/quotes/about/bank/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "We have a very competitive and profitable investment bank and strong asset management capabilities. 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