Sergio Ermotti

Sergio Ermotti leads UBS Group as CEO, overseeing the world's largest wealth management firm with approximately $5 trillion in invested assets. He returned to UBS in April 2023 specifically to lead the emergency acquisition of Credit Suisse — a government-brokered rescue that created the largest banking merger in history and eliminated Switzerland's second global bank. The Credit Suisse integration is among the most complex bank mergers ever attempted: combining two global systemically important banks across dozens of jurisdictions, migrating millions of client accounts, consolidating overlapping investment banking operations, and reducing combined headcount by an estimated 35,000 positions. The integration's success or failure will define UBS's trajectory for years. UBS's core strength is its Global Wealth Management division, which serves ultra-high-net-worth and high-net-worth clients worldwide. The investment bank provides trading, advisory, and capital markets services. Key stock drivers include wealth management net new money flows, Credit Suisse integration milestones and cost savings, investment banking revenue, capital returns to shareholders, regulatory capital requirements under the combined entity, Swiss franc movements, and global financial market conditions affecting client activity and asset values.