The new appointments provide an important signal on the future direction of the bank as it tees up a replacement for outgoing CEO Sergio Ermotti.
UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following its takeover of fallen rival Credit Suisse.
The new appointments provide an important signal on the future direction of the bank as it tees up a replacement for outgoing CEO Sergio Ermotti, who is expected to step down by early 2027. "The appointments to the Group Executive Board we are announcing today will allow us to continue to progress on our integration journey and realize the expected synergies and efficiencies, while putting even more emphasis on our long-term priorities and growth prospects, particularly in the Americas and Asia-Pacific," Ermotti said in a statement.
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