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SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Peter Kurer, left, former chairman of the management board, and CFO John Cryan, right, walk away after the general assembly of the UBS at the Hallenstadion in Zurich, Switzerland, on Wednesday, April 15 2009. (KEYSTONE/Patrick B. Kraemer)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Kaspar Villiger, designated chairman of the management board, walks away after he spoke to the shareholders during the general assembly of the UBS at the Hallenstadion in Zurich, Switzerland, on Wednesday, April 15 2009. (KEYSTONE/Patrick B. Kraemer)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Peter Kurer, left, former chairman of the management board, and CFO John Cryan, right, walk away after the general assembly of the UBS at the Hallenstadion in Zurich, Switzerland, on Wednesday, April 15 2009. (KEYSTONE/Patrick B. Kraemer)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Kaspar Villiger, designated chairman of the management board, walks away after he spoke to the shareholders during the general assembly of the UBS at the Hallenstadion in Zurich, Switzerland, on Wednesday, April 15 2009. (KEYSTONE/Patrick B. Kraemer)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Kaspar Villiger, designated chairman of the management board, on his way to the podium to speak to the shareholders during the general assembly of the UBS at the Hallenstadion in Zurich, Switzerland, on Wednesday, April 15 2009. (KEYSTONE/Patrick B. Kraemer)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Colm Kelleher, Chairman of the Board of Directors of Swiss Bank UBS, and Lukas Gaehwiler, Vice Chairman of the Board of Directors, say goodbye to Ralph Hamers, Chief Executive Officer, from right, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Barbara Levi, Group General Counsel, and Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, from left, laugh after the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, says goodbye to Lukas Gaehwiler, Vice Chairman of the Board of Directors, from left, after the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS,.leaves the stage after the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS,.packs his bag after the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, gets a farewell applause from Lukas Gaehwiler, Vice Chairman of the Board of Directors, and Colm Kelleher, Chairman of the Board of Directors, from left, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Colm Kelleher, Chairman of the Board of Directors of Swiss Bank UBS, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, Lukas Gaehwiler, Vice Chairman of the Board of Directors, and Colm Kelleher, Chairman of the Board of Directors, from left, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

The speaker's desk during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Colm Kelleher, Chairman of the Board of Directors of Swiss Bank UBS, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Colm Kelleher, Chairman of the Board of Directors of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sarah Youngwood, Chief Financial Officer of Swiss Bank UBS, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Barbara Levi, Group General Counsel of Swiss Bank UBS, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Lukas Gaehwiler, Vice Chairman of the Board of Directors of UBS Group, speaks during the general assembly of the UBS in Basel, Switzerland, o n Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

General assembly of Swiss Bank UBS, in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Colm Kelleher, Chairman of the Board of Directors of Swiss Bank UBS, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Colm Kelleher, Chairman of the Board of Directors of Swiss Bank UBS, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Colm Kelleher, Chairman of the Board of Directors of Swiss Bank UBS, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Ralph Hamers, Chief Executive Officer of Swiss Bank UBS, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Colm Kelleher, Chairman of the Board of Directors of Swiss Bank UBS, during the general assembly of the UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

With a symbolic action, called Too Big to Stay, various organizations are protesting ahead of the Annual General Meeting of Swiss Bank UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

With a symbolic action, called Too Big to Stay, various organizations are protesting ahead of the Annual General Meeting of Swiss Bank UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

With a symbolic action, called Too Big to Stay, various organizations are protesting ahead of the Annual General Meeting of Swiss Bank UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

With a symbolic action, called Too Big to Stay, various organizations are protesting ahead of the Annual General Meeting of Swiss Bank UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

With a symbolic action, called Too Big to Stay, various organizations are protesting ahead of the Annual General Meeting of Swiss Bank UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

With a symbolic action, called Too Big to Stay, various organizations are protesting ahead of the Annual General Meeting of Swiss Bank UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

With a symbolic action, called Too Big to Stay, various organizations are protesting ahead of the Annual General Meeting of Swiss Bank UBS in Basel, Switzerland, on Wednesday, April 5, 2023. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, left, and Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, right, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Kirt Gardner, Chief Financial Officer, Markus U. Diethelm, Group General Counsel, Sergio P. Ermotti, Group Chief Executive Officer, Axel A. Weber, Chairman of the Board of Directors, and Markus Baumann, Group Secretary, from left, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, left, and Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, right, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

General view of the general assembly of Swiss Bank UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 2, 2019. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

The silhouettes of Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, left, and Axel A. Weber, Chairman of the Board of Directors, right, pictured during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Axel A. Weber, Chairman of the Board of Directors of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, speaks during the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

The silhouette of Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, pictured at the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

The silhouette of Sergio P. Ermotti, Group Chief Executive Officer of Swiss Bank UBS, pictured at the general assembly of the UBS in Basel, Switzerland, on Thursday, May 3, 2018. (KEYSTONE/Georgios Kefalas)