UBS Group AG is seeing inflows both in its own franchise and at Credit Suisse over the past two months, as clients return following the completion of the takeover in June.

“Already in the second quarter at Credit Suisse — although April and May were negative — in June they saw positive inflows, after the closing,” Chief Executive Officer Sergio Ermotti said in an interview on Bloomberg TV. “As we speak, in the third quarter, we see inflows on both platforms, not only in wealth management but also in the Swiss bank.”

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UBS Seeing Inflows Across Units in Third Quarter, CEO Ermotti Says