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UBS CEO to remain in position until 2027, prefers to choose successor internally
Question: AI · UBS CEO to stay until 2027, what is his key role in Credit Suisse integration?
UBS CEO Sergio Ermotti announced that he plans to stay at least until April 2027.
Sergio Ermotti returned to lead UBS in 2023 and committed to overseeing the integration of Credit Suisse, which UBS acquired last year. He discussed his future tenure at an event hosted by the Center for International Monetary and Banking Studies. He said, “I will stay at least until April next year, and then consider my options.” This also hints that he may extend his term. He previously served as UBS CEO from 2011 to 2020.
Sergio Ermotti also commented on succession planning, indicating he favors promoting an internal candidate to ultimately succeed as CEO. He assured attendees that UBS already has several suitable candidates internally. He explained that the final decision will depend on the bank’s specific needs during the transition period.
The 65-year-old Sergio Ermotti will continue to lead UBS, providing stability during this critical period of completing the merger with Credit Suisse and adapting to changing regulatory requirements.