UBS names ING boss Hamers as CEO to replace Ermotti

Financial Post | Feb 20, 2020 at 6:20 AM
  • UBS Group tapped ING Groep’s Ralph Hamers to lead the bank, making it the second major Swiss lender to replace its chief executive officer this month.
  • UBS is overhauling its flagship wealth management business, including shrinking its senior staff.
  • During his stint as ING CEO, Hamers steered the lender to profitability, while repaying the Dutch government money it received during the financial crisis.