Dow Jones Newswires
A picture taken on December 13, 2021 shows a sign of the Swiss banking giant UBS displayed outside their branch in Lausanne.
fabrice coffrini/Agence France-Presse/Getty Images
UBS Group AG said Wednesday that it has decided to appoint Sergio P. Ermotti as its new chief executive replacing Ralph Hamers, and said the change is a result of its planned acquisition of rival Credit Suisse Group AG.
The appointment of Mr. Ermotti–who was UBS’s UBS CH:UBSG CEO in the aftermath of the global financial crisis and stepped down in 2020 after nine years in the role–will become effective on April 5, the bank said.
Mr….
