Looking forward to a 'big year'

UBS aims to grow its business in China to the next level, says its chief

It was not a free lunch for Sergio Ermotti when the 56-year-old Swiss banker was appointed the chief executive of UBS Group AG five years ago as the bank was struggling in the wake of a trading scandal that caused it a hefty loss of $2.3 billion.

What came with the promotion was huge pressure and expectation, Ermotti told China Daily in a recent interview.