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UBS brings back Ermotti to lead Credit Suisse integration

Published: March 29, 2023 at 6:52 a.m. ET Newly appointed UBS CEO Sergio Ermotti (R) and outgoing CEO Ralph Hamers leaves a press conference in Zurich on March 29, 2023 arnd wiegmann/Agence France-Presse/Getty Images UBS on Wednesday decided it would let a Swiss national guide the integration of its two banking heavyweights. UBS UBS CH:UBSG
Financial Press

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Newly appointed UBS CEO Sergio Ermotti (R) and outgoing CEO Ralph Hamers leaves a press conference in Zurich on March 29, 2023

arnd wiegmann/Agence France-Presse/Getty Images

UBS on Wednesday decided it would let a Swiss national guide the integration of its two banking heavyweights.

UBS UBS CH:UBSG announced that effective on April 5 it will bring back former chief executive, Sergio Ermotti, to his former role, replacing Ralph Hamers, who is Dutch, after reaching a deal to buy Credit Suisse.

Ermotti, who ran UBS…

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