UBS’s Ermotti Says His Term as CEO Could Stretch to 2027 (1)

UBS Group AG Chief Executive Officer Sergio Ermotti said that he intends to stay at the helm of the Swiss bank until the task of absorbing Credit Suisse is complete, meaning his second stint leading the global wealth manager could stretch to almost four years.

“I made a commitment to the board to stay at the very least until the integration is finished, so that means end of 2026, early 2027,” Ermotti said at a Reuters event in Zurich on Monday.

Ermotti returned to UBS in the immediate aftermath of its emergency takeover of Credit Suisse in March last year, ...