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.
