UBS appoints Sergio Ermotti as new CEO after acquiring Credit Suisse
Ermotti wanted to be a professional football player, but instead settled for a career in banking. Keystone / Christian Beutler
On March 29, 2566, CNBC reported that UBS Group AG, Switzerland's largest bank, has appointed Sergio Ermotti as its new CEO following the recent acquisition of Credit Suisse.
Meanwhile, current CEO Ralph Hamers is set to stay at UBS and work with Sergio P. Ermotti as an advisor during the transition.
“The board expresses its deep gratitude to Ralph Hamers for his outstanding leadership, driving UBS to two consecutive years of performance, and for his key role in leading the acquisition of Credit Suisse.” Swiss bank said
