Credit Suisse’s Last CEO Koerner to Leave UBS in Coming Weeks

Credit Suisse Chief Executive Officer Ulrich Koerner is set to leave UBS Group AG in the coming weeks after the completion of the merger of the two former Swiss rivals, a person familiar with the matter said.

Ulrich Koerner

Photographer: Hollie Adams/Bloomberg

The Swiss government last year orchestrated a UBS takeover of Credit Suisse as it was teetering on the edge of collapse. Koerner, a veteran of Swiss banking with more than two decades at both Credit Suisse and UBS, had been brought in as CEO in July 2022 to try to turn the ailing firm around.

Following the takeover, he was ...