UBS Group Chief Executive Sergio Ermotti plans to step down by mid-2027
Sergio Ermotti will lead UBS through the Credit Suisse integration until early 2027. The bank plans to cut 3,000 jobs while preparing internal successors.
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The Chief Executive Officer of UBS Group AG , sergio ermotti, has announced his plan to step down from the helm by the middle of 2027. In an interview published on Thursday in the Swiss newspaper Tages-Anzeiger, sergio ermotti detailed that while a final timeline has not been set, he will remain at his post until at least the end of 2026 or the spring of 2027. This schedule is intended to see the full integration of Credit Suisse Group AG through to completion following the emergency rescue that took place in 2023.
sergio ermotti noted that he hopes his successor will be an internal candidate to preserve the bank's culture and ensure continuity, though he acknowledged that bringing in outside talent can also add value. UBS Group AGis currently identifying potential leaders who must demonstrate professional expertise and integrity. Internal candidates currently highlighted as potential successors include asset management head aleksandar ivanovic and chief operating officer bea martin.
