UBS Has Begun Search for a Successor to CEO Sergio Ermotti

Wealth Management | Feb 14, 2020 at 8:10 PM
  • UBS Group AG is searching for a successor to Chief Executive Officer Sergio Ermotti, the latest European bank to consider changes at the top in an industry beset by sluggish growth.
  • The lender is weighing changes at the top of the organization after a major overhaul at its biggest competitor, crosstown Zurich rival Credit Suisse, following a spying scandal that tainted the bank and caused the ouster of CEO Tidjane Thiam.
  • The executive was in charge for a tumultuous four and a half years, about half Ermotti’s tenure.