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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)

(RM) 67544171

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)

(RM) 67543907

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)

(RM) 67543848

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)

(RM) 67539005

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)

(RM) 562426845

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)

(RM) 562426805

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)

(RM) 562426310

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)

(RM) 562426130

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)

(RM) 562425535

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)

(RM) 562425085

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)

(RM) 562419955

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)

(RM) 562419315

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)

(RM) 562419309

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)

(RM) 562412213

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)

(RM) 562411749

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)

(RM) 562411465

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)

(RM) 562410170

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)

(RM) 562410165

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)

(RM) 562409315

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)

(RM) 562409150

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)

(RM) 562408625

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)

(RM) 562407195

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)

(RM) 562407145

SCHWEIZ BANK UBS GENERALVERSAMMLUNG

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

(RM) 562407130

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)

(RM) 562407125

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)

(RM) 562406190

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)

(RM) 562406138

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)

(RM) 562405620

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)

(RM) 562405435

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)

(RM) 562404425

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)

(RM) 562400505

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)

(RM) 562400294

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)

(RM) 562400284

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)

(RM) 562400220

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)

(RM) 562400200

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)

(RM) 562399800

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)

(RM) 562397330

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)

(RM) 377928900

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)

(RM) 377928380

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)

(RM) 377928215

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)

(RM) 377928210

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)

(RM) 377928145

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)

(RM) 377928135

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)

(RM) 377928124

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)

(RM) 377928114

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)

(RM) 377926854

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)

(RM) 377926514

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)

(RM) 377926505

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)

(RM) 377925970

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)

(RM) 377925940

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)

(RM) 377925295

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)

(RM) 377925290

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)

(RM) 341591960

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)

(RM) 341591953

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)

(RM) 341591944

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)

(RM) 341591933

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)

(RM) 341591924

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)

(RM) 341591909

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)

(RM) 341591694

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)

(RM) 341591684

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)

(RM) 341591674

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)

(RM) 341586540

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)

(RM) 341586535

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)

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