Outgoing UBS CEO Ermotti Chosen to Take Over as Swiss Re Chairman

Mar.03 — UBS Group AG outgoing Chief Executive Officer Sergio Ermotti has been picked to take over as chairman of reinsurer Swiss Re AG next year, ending speculation about his next job and throwing open the race to succeed UBS Chairman Axel Weber. Bloomberg’s Sonali Basak has more on “Bloomberg Daybreak: Americas.”

UBS CEO Ermotti on Bank Consolidation, Regulation, Possible Deals

Jan.23 — UBS Group AG Chief Executive Officer Sergio Ermotti talks about possible consolidation in the banking industry, regulating banks and returning value to shareholders. He spoke to Bloomberg’s Francine Lacqua at the World Economic Forum in Davos.

UBS’s Ermotti Sees More Bank Consolidation in 2020

Jan.23 — UBS Group AG Chief Executive Officer Sergio Ermotti said new European banking rules could be the trigger for long-awaited and much-needed regional banking consolidation as lenders weigh combinations to become more competitive. He spoke to Bloomberg’s Francine Lacqua at the World Economic Forum in Davos.

UBS CEO Ermotti on Earnings, Wealth Management, Profit Targets

Jan.21 — UBS Group AG Chief Executive Officer Sergio Ermotti discusses fourth-quarter earnings, wealth management outflows and profit targets. The Swiss bank failed to meet several key metrics set during the last revamp of its goals just over a year ago, highlighting the mounting headwinds for European lenders at a time when their U.S. rivals … Read more UBS CEO Ermotti on Earnings, Wealth Management, Profit Targets

Ermotti Says UBS Drops Net New Money Target for Wealth Management

Jan.21 — UBS Group AG Chief Executive Officer Sergio Ermotti discusses wealth management outflows and the challenge of operating in a negative rates environment. Ermotti speaks with Bloomberg’s Manus Cranny from Zurich as the bank missed key profitability and cost targets for 2019, underscoring the challenge for new wealth management co-head Iqbal Khan as he seeks … Read more Ermotti Says UBS Drops Net New Money Target for Wealth Management