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UBS chair discussed possible move to US with Treasury secretary, FT reports

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UBS chair discussed possible move to US with Treasury secretary, FT reports

Nov 17, 2025 5:00 AM

Nov 17 (Reuters) - UBS Chair Colm Kelleher has discussed

a potential U.S. headquarters move with Treasury Secretary Scott

Bessent if Switzerland presses ahead with tougher capital rules,

the Financial Times reported on Monday, citing people familiar

with the matter.

Reuters could not immediately confirm the report.

(Reporting by Dagmarah Mackos; Editing by Emelia

Sithole-Matarise)

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