Sergio Ermotti News

25.01 / 21:19

markets COST UPS Target Discover Morning Coffee: UBS implies MD departures might save it money. Expats in Dubai discover the downsides

Usually, in bank mergers, the rule of thumb is that you can save about 40% of the cost base of the smaller bank. For example, when UBS took over Credit Suisse in 2023, Sergio Ermotti might have looked at its last set of accounts (which turned out to be its last set of accounts), saw that the total expenses were about $18bn, and guessed that a bit more than $7bn would be a reasonable target. The actual target was set at $8bn, possibly reflecting the fact that this wasn’t an ordinary deal and the overlap was obviously considerable.

04.02 / 06:45

COST UPS Target CEO Interviews Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half

Swiss banking giant UBS on Tuesday posted $770 million in fourth-quarter net profit, launching a $1 billion share buyback program in the first half of 2025.

14.08 / 11:39

markets CEO economy Election Trade reports UBS CEO says it's too early to talk about a U.S. recession, but a slowdown is possible

ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession.

30.05 / 08:17

UPS Provident CEO Strategy President reports UBS overhauls wealth management leadership in wider board shake-up

LONDON — UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following its takeover of fallen rival Credit Suisse.

18.05 / 04:15

UPS Citi Booking CEO WhatsApp International The COO of UBS's integration office quit unexpectedly

If UBS had concerns about theintegration of Credit Suisse earlier this week, it may have even bigger concerns as we slide towards the weekend: the woman running its group integration office is understood to have resigned unexpectedly.

10.05 / 11:47

UPS Target Gap Bill stars Relationships UBS mulls bonuses for wealth management referrals

UBS Group AG is considering introducing a reward system for investment bankers who refer clients to the firm’s wealth management business, according to people with knowledge of the matter.

07.05 / 13:01

UPS Target Progressive Sustainability performer reports Wealth management unit helps propel UBS back to profit

UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year.

02.04 / 09:25

COST UPS CEO show reports Swiss banking giant UBS to launch share buyback of up to $2 billion

UBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of that total expected to take place this year.

28.03 / 07:43

COST UPS CEO Pool 2020 reports UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck

UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return at the helm of the Swiss banking giant, following its takeover of stricken rival Credit Suisse.

17.03 / 12:07

Target economy country rights Swiss bank UBS targets US deals, says chairman

ZURICH (Reuters) — Swiss banking giant UBS will look for merger and acquisitions opportunities in the United States in the next few years, its chairman told the NZZ newspaper on Sunday.

15.03 / 19:53

markets Progressive CEO JPMorgan Strategy President UBS has more diversified business than Morgan Stanley: JPMorgan analysts

UBS Group’s more diversified wealth management exposure and business mix makes it more attractive than US peer Morgan Stanley, according to analysts at JPMorgan Chase & Co.

14.03 / 11:41

UPS Target Maxim CEO Inside mountaineering Andrea Orcel's Swiss sighting sparks rumours of a return to UBS

If you work for UBS and you like to receive 6am calls from your boss before he runs up a mountain, then great news. Swiss gossip websiteInside Paradeplatz says Andrea Orcel has been seen in Zurich. He was allegedly there to discuss a new job with UBS.

12.03 / 16:09

markets COST UPS CEO Gap Strategy US growth strategy will take time, says UBS CEO

UBS Group chief executive Sergio Ermotti said catching up with Wall Street giants in the US will take time, as the bank seeks to build its product offering in the world’s largest wealth market.

06.03 / 11:51

markets Career CEO performer prevention Podcasts Interviews UBS boss chastises Europe over letting U.S. take lead in banking

ZURICH (Reuters) — The chief executive of Swiss bank UBS chastised European regulators for letting the United States get ahead in banking since the financial crisis, amid continuing debate over the future of global mega banks.

09.02 / 11:00

markets COST UPS Target reports UBS beats earnings expectations, announces up to $1 billion share buyback

Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth up to $1 billion in the second half of the year.

24.01 / 17:19

UBS President People moves UBS AM names president as Suni Harford retires

Suni Harford (pictured) took on the role of president of asset management in 2019 after joining UBS in 2017.

17.01 / 16:25

Target CEO economy Discover wellness Actor Interviews Credit Suisse takeover is no 'deal of the century' but leaves UBS stronger, says CEO

By Noele Illien and Sinead Cruise

17.01 / 10:17

markets CEO economy Discover Opinion information prevention UBS CEO says Swiss public 'indoctrinated' to worry about bank's balance sheet

UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank's balance sheet are getting «indoctrinated» by academics and should «do their homework.»

15.11 / 17:10

CEO banking system UBS boss Ermotti says 'incredible' bond demand is 'a signal to the Swiss banking system'

UBS Group CEO Sergio Ermotti says the «incredible» market demand for the bank's recent issuance of AT1 (additional tier one) bonds is a «signal to the Swiss banking system.»

08.11 / 12:07

reports gatherings UBS reports pre-tax loss in 3Q but says benefits of Credit Suisse merger gather steam

UBS has reported a $255 million pre-tax loss, shed some 4,000 jobs globally, cut costs faster than expected, and reaped billions in asset inflows in the third quarter

07.11 / 21:31

Align Exodus reports $30 billion up for grabs as major bank dumps part of HNW portfolio

In a strategic move to streamline its operations, UBS Group is offloading $5 billion in managed assets from its high-net-worth client portfolio, as it continues to integrate and reevaluate the recent acquisition of Credit Suisse components.

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