2024-05-27 08:22:51
UBS needs inner oversight of Ermotti’s successor
UBS CEO Sergio Ermotti is stepping down because the financial institution seems to be to carry the job in-house.
UBS Group CEO Sergio Ermotti.
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Main financial institution UBS is ruling out an exterior successor to CEO Sergio Ermotti, the Monetary Occasions experiences, with the financial institution as an alternative planning to select from a shortlist of three inner candidates when Ermotti steps down in regarding three years.
The newspaper cited insiders as saying that UBS might announce a listing of potential successors at subsequent 12 months’s shareholders assembly. In response to the newspaper, no closing choice on the successor has been made but.
Nonetheless, asset administration head Iqbal Khan is anticipated to look on the shortlist. Funding financial institution head Rob Karofsky can be thought of a possible candidate, as is Bea Martin, who oversees UBS’s non-core and legacy divisions.
Sabine Keller-Sales space, who runs UBS’s Swiss operations, can be thought of a possible candidate.
SDA/AEG
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