UBS re-appoints Sergio Ermotti as CEO saying he’s ‘ideally placed’ to steer through acquisition of Credit Suisse

UBS has reappointed Sergio Ermotti as chief executive just weeks after the Swiss banking giant acquired its long-time rival Credit Suisse in a $2bn bail out. Emotti, who will replace the outgoing Ralph Hamers, was previously chief executive for nine years up to 2020, directing the bank in the aftermath of the financial crisis.  Hamers [...]