‘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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