UBS brings back Ermotti as CEO to lead Credit Suisse takeover, replace Hamers
Ermotti, who previously served as UBS' CEO for nine years, is familiar with UBS and the Swiss financial landscape, qualities seen as critical for the integration.
UBS Group is bringing back Sergio Ermotti as chief executive to oversee the historic acquisition of Credit Suisse Group, tapping a Swiss insider with extensive restructuring experience to replace Ralph Hamers after just over two years.
Ermotti, chairman of Swiss Re, will retake the role he held
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