UBS appoints new CEO

The bank UBS has announced a new CEO. Sergio Ermotti will return into the post he held between 2011 and 2020.

The current boss, who took over from Ermotti, Ralph Hamers will step down. 

The news was released this morning. 

The bank says in a statement the change is justified due to the bank’s ‘new priorities’ after the takeover of Credit Suisse. 

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