UBS Group CEO Sergio Ermotti, who helped the lender handle the acquisition and integration of former rival Credit Suisse, plans to step down in April 2027, the Financial Times reported on Tuesday.
Possible successors
Aleksandar Ivanovichead of wealth administration at UBS, has emerged as one of many executives most definitely to succeed Ermotti, the FT reported, citing sources. Reuters, which experiences FT, was unable to instantly confirm the information. UBS didn’t instantly reply to a request for remark outdoors regular enterprise hours.
The different most important candidates to succeed Ermotti are the co-heads of wealth administration at UBS, Iqbal Khan e Robert Karofskyas reported by the FT. Also Bea Martinwho was appointed because the financial institution’s chief working officer in October, is taken into account a attainable candidate, in line with the newspaper.
Ermotti in UBS
Ermotti led UBS from 2011 to 2020 and was rehired as CEO in 2023 to steer the acquisition of Credit Suisse, leveraging the Swiss banker’s expertise rebuilding the financial institution after the worldwide monetary disaster.
He had beforehand pledged to steer UBS “at least” till the combination with Credit Suisse was accomplished, anticipated in late 2026 or early 2027. UBS at present goals to “substantially” full the combination by the top of 2026.
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