UBS Wants Ermotti CEO for Longer Amid Capital Dispute: NZZ (1)

UBS Group AG plans to keep Chief Executive Officer Sergio Ermotti in the post beyond April 2027 as a standoff with Swiss authorities over capital rules delays succession planning, according to a report by Swiss newspaper NZZ.

Chairman Colm Kelleher and the board have concluded the 65-year-old is best placed to steer the bank through the regulatory battle that has ensued in the wake of Credit Suisse’s collapse, the newspaper reported on Saturday, citing sources it didn’t identify.

Bloomberg reported in October that senior figures at UBS wanted Ermotti to stay longer. That would ensure continuity at the top as ...