KEY POINTS
  • Sergio Ermotti will replace current CEO Ralph Hamers, who is set to remain at UBS to advise the bank during the transition period to ensure a smooth hand-over, UBS said in a statement Wednesday.
  • The move will be effective April 5, UBS said in a statement.
  • Ermotti was group CEO at UBS for nine years, from November 2011 to October 2020, and is currently chairman of insurance company Swiss Re.

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UBS appointed Sergio P. Ermotti as its group Chief Executive Officer following its agreement to acquire Credit Suisse.

UBS named Sergio Ermotti as its new Group CEO on Wednesday, following the recent acquisition of Credit Suisse.

The move will be effective April 5, UBS said in a statement.

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