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UBS CEO Ermotti to step down in April 2027 after steering Credit Suisse integration, FT reports
Sergio Ermotti will step down after completing Credit Suisse integration, with UBS shares doubling since acquisition, marking a key leadership transition by April 2027.
- Jan 13 — UBS Group Chief Executive Officer Sergio Ermotti plans to step down in April 2027 after leading Credit Suisse's integration with client migration targeted by end of the first quarter.
- He had pledged in 2024 to stay until the integration was finished, and UBS currently aims to substantially finish the Credit Suisse integration process by the end of 2026.
- Operationally, UBS Group AG will close some IT and data centres, targeting below 3,000 redundancies, and hire about 100 in Asia with capital raised via a Panda bond in China this year.
- Market reaction surfaced alongside names floated for the job, with Aleksandar Ivanovic emerging as a leading candidate and UBS declining to comment as shares surged nearly 30% in the past year.
- UBS warns planned changes could require up to $26 billion in capital, trying to persuade the Swiss government to water down reforms and discussing relocation with Scott Bessent, US Treasury Secretary since last year.
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23 Articles
23 Articles
The Spanish Beatriz Martín Jiménez, one of the main executives in the organization chart of the Swiss bank UBS, is among the main candidates to succeed Sergio Ermotti as CEO of the Helvetic entity, a position that the banker of Lugano will leave vacant in April 2027, as has advanced this Tuesday the Financial Times and has collected Europa Press.
·Spain
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According to the "Financial Times", the UBS boss wants to give the lead in just over a year.
·Zürich, Switzerland
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Coverage Details
Total News Sources23
Leaning Left2Leaning Right3Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 20%
C 50%
R 30%
Factuality
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