UBS has ruled out appointing an external successor to its current CEO, Sergio Ermotti, and will instead choose from a shortlist of three internal candidates, FT reports. This decision comes amid a broader executive reshuffle at the bank, which includes splitting the wealth management role and appointing Rob Karofsky to run its US business and jointly oversee wealth management. UBS also announced changes to its Group Executive Board. These changes mark the first major management shakeup since UBS's takeover of Credit Suisse.
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UBS AG UK Regulatory Announcement: UBS announces changes to Group Executive Board https://t.co/XjvNcAhatO https://t.co/BQqKgBClSt
UBS named investment bank head Rob Karofsky to run its US business and jointly oversee wealth in the first major management shakeup since the Credit Suisse takeover https://t.co/QON8BvWnUb
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UBS announces changes to Group Executive Board https://t.co/u3f4uIsW8U https://t.co/GQvuwo0yXO
UBS rules out external successor to Ermotti as CEO, FT reports https://t.co/UDID2vKtpt https://t.co/O7zr51pwZh
🔵 UBS RULES OUT EXTERNAL SUCCESSOR TO ERMOTTI AS CEO, FT REPORTS Full Story → https://t.co/BoIGDwiu1o UBS has ruled out appointing an outsider as the successor to CEO Sergio Ermotti, and plans to choose from a shortlist of three internal candidates when he steps down in about… https://t.co/YWvPLfzifK
UBS rules out external successor to chief Sergio Ermotti https://t.co/iEaS8W1yQe