In the City: UBS Veteran Beatriz Martin on the Credit Suisse Clean Up, Challenges in Banking, Her Next Steps
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 19 December 2024
⏱️ 27 minutes
🧾️ Download transcript
Summary
When UBS agreed to buy Credit Suisse in March 2023, it was a pivotal moment for European banking. The government-brokered deal was considered historic and its success was instrumental in containing a crisis that had started to spread across global financial markets.
At the center of its success has been Beatriz Martin, head of non-core and legacy operations. Her role is key to this massive restructuring as she sifts through Credit Suisse’s assets and decides which ones to keep and which to wind down. On this week’s episode of In the City, Martin sits down with hosts Francine Lacqua and David Merritt to discuss the process, strategy and progress so far.
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Transcript
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| 1:07.3 | 2025 is going to be a very interesting year for a lot of banks around the world. If it's the Trump |
| 1:12.0 | tariffs, possible MNA, it's also the huge deal that is still UBS trying to absorb Credit |
| 1:18.3 | Suisse, what that means for servicing clients, an investment bank in Switzerland and across the world. |
| 1:24.1 | Now, this week we have a conversation with Bertris Martin, the head of the non-core and legacy operations at UBS. |
| 1:30.3 | She's not only one of the most senior females in banking, but she also had a front row seat and what it's like to absorb Credit Suisse into UBS. |
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