UBS names Sergio Ermotti as new Group CEO, following acquisition of Credit Suisse
72 Articles
72 Articles
UBS brings back Sergio Ermotti as CEO for Credit Suisse takeover after deal
UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse. Ermotti, who was the bank's top executive for nine years and led a turnaround following the 2008 global financial crisis, will take over next Wednesday from CEO Ralph Hamers.
Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover | Sports-Games
Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse - a surprise move to take advantage of the Swiss banker's experience rebuilding the bank after the global financial crisis. The trader turned corporate problem fixer faces the tough challenge of laying off thousands of staff, cutting back Credit Suisse's investment bank and rea…
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