Just-In: UBS Opts For New CEO; Credit Suisse Takeover To Delay?

2 years ago 997

As the Credit Suisse takeover deal hits the delay, the UBS Group AG on Wednesday announced that they will be replacing Ralph Hamers as its CEO. The Investment banking company named Sergio Ermotti to replace the former chief just before the acquisition deal.

Sergio Ermotti, the veteran banker has served UBS as CEO for straight nine years. He stepped down from his position in 2020. However, Ralph Hamer, now former CEO will remain as an advisor till the transition period.

This development comes in when the reports of Swiss bank rivals are looking to capitalise on the turmoil. Reports suggest that the rivals are trying to poach clients and bankers of the collapsed bank.

The post Just-In: UBS Opts For New CEO; Credit Suisse Takeover To Delay? appeared first on CoinGape.

Source: coingape.com

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Just-In: UBS Opts For New CEO; Credit Suisse Takeover To Delay?

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