UBS CEO Sergio Ermotti likely to remain in post until 2027

Sergio Ermotti is expected to extend his tenure as Chief Executive Officer of UBS GROUP AG-REG until the second half of 2027, according to people familiar with the bank's internal discussions. This potential extension is intended to provide stability as the institution navigates a major regulatory overhaul in Switzerland and allows the board more time to identify a suitable successor. While Ermotti has expressed a preference for an internal candidate, the board is reportedly becoming more open to external options as a clear internal frontrunner has yet to emerge.