Signage on the UBS flagship workplace in New York, US, on Tuesday, March 21, 2023.
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UBS named Sergio Ermotti as its new CEO on Wednesday, following the latest acquisition of Credit score Suisse.
The cuurrent CEO Ralph Hamers is about to stay at UBS and work alongside Sergio P. Ermotti to advise the financial institution throughout a transition interval “guarantee a profitable closure of the transaction and a clean hand-over,” the corporate mentioned in an announcement.
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“The Board needs to precise its deep gratitude to Ralph Hamers for his excellent management, steering UBS to file leads to two successive years, and for his instrumental function in bringing in regards to the Credit score Suisse acquisition,” the Swiss financial institution mentioned.
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