UBS Group AG (SWX:UBSG) will look for acquisitions. Ralph A. J. Hamers, Chief Executive Officer said, "Now in Asia Pacific, specifically, with our strength in Hong Kong, Singapore and China. That will now be complemented by Credit Suisse leading position in Southeast Asia, which part of our strategy was focused on and basically we can accelerate our organic strategy here with an inorganic opportunity because that's the strength of Credit Suisse.

Clearly, a part of our existing strategy is filled in by this inorganic move, right? So as we have indicated that Asia Pacific was an important area for us to grow. Actually, quite some gaps there are filled both on the research side as well as on the banking side with this acquisition and through which we can actually accelerate part of our growth that we were planning for in the U.S. as well.

So there's quite some elements in this inorganic move that help us to support the original plans that you all know so well".