‘Call of duty’: With Sergio Ermotti, Switzerland gets a expense-chopping community to restore its status

‘Call of duty’: With Sergio Ermotti, Switzerland gets a expense-chopping community to restore its status


Critical Points
  • UBS introduced on Wednesday that the previous CEO Sergio Ermotti would change Ralph Hamers from April 5.
  • The board determined that Ermotti’s expertise in choosing UBS up from the canvas after the 2008 monetary crisis rendered him uniquely capable to lead the new blended entity.
  • Requested by CNBC for the duration of Wednesday’s push conference about his enthusiasm for returning to UBS, Ermotti explained there was “a phone of obligation component” to his determination.



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