UBS CEO says bank is focused on organic growth

ZURICH (Reuters) – UBS is focused on organic growth, Chief Executive Ralph Hamers said on Thursday, although the Swiss bank would consider acquisitions if it needs to expand its capabilities.

The banking industry is facing a war for talent in the tech area, Hamers told an event in Zurich, although UBS was committed to training its own staff from the ground up to provide the necessary expertise.

(Reporting by Noele Illien; Editing by John Revill)