Sergio Ermotti UBS Leadership and Financial Expertise

Sergio Ermotti has been a key figure in UBS's leadership, bringing a wealth of financial expertise to the table. He has been a member of the UBS Group Executive Board since 2007.

Under his leadership, UBS has made significant strides in its wealth management business, with Ermotti overseeing the expansion of the bank's operations in key markets.

Ermotti's background in finance is extensive, with a career spanning over three decades, including roles at Credit Suisse and UBS.

Related reading: Sergio Ermotti Ubs

Sergio Ermotti was born on 11 May 1960 in Lugano, Switzerland, an Italian-speaking city.

He pursued aspirations of being a professional footballer or sports teacher after secondary school.

Ermotti decided to fill his time with an apprenticeship at the Cornèr Bank in Lugano, where his father was employed.

He invested part of his earnings into a high-yield bond, and at the end of his apprenticeship bought himself a motorbike.

Ermotti started a training program in the Securities Department of the bank, where he became fascinated by foreign exchange trading.

He received a Swiss federal banking expert diploma, which marked a significant milestone in his banking career.

Later in his banking career, Ermotti attended the Advanced Management Program at Oxford University.

You might like: Ubs Ermotti

Sergio Ermotti has had a long and distinguished banking career, with a wide range of experiences that have prepared him for his current leadership roles.

He started his career at the Cornèr Bank, where he was later promoted to trading, and then moved to Citibank in Zurich, where he traded equity-linked products. He served as a Resident Vice President at Citibank.

Ermotti's next move was to the Swiss office of Merrill Lynch, where he held various positions in equity derivatives and capital markets, and contributed to the expansion of the capital market business of the bank in Switzerland. He was later promoted to managing director and moved to London to lead the European equity derivatives unit.

In 1996, Ermotti relocated to New York, as a head of global derivatives trading, and also worked as co-head of global equity markets and a member of the executive management committee for global markets & investment banking at Merrill Lynch.

For another approach, see: Td Bank Ceo Bharat Masrani Has Announced His Retirement.

Ermotti joined UniCredit in Milan in December 2005 as head of markets & investment banking, and from 2007, he was UniCredit's deputy chief executive officer with responsibility for the strategic business area, corporate and investment banking and private banking.

He left UniCredit in October 2010, after not being offered the CEO position, and went on to become chairman and chief executive of UBS's Europe, Middle East and Africa (EMEA) group. He became a member of the Group Executive Board in April 2011.

Ermotti was appointed interim Group CEO in September 2011 and permanently in November 2011, following the 2011 UBS rogue trader scandal. He sent an internal memo stating: "I want to make clear that no one's personal interest nor any amount of revenue is worth more than the bank's reputation."

Here are some of Sergio Ermotti's key leadership positions:

Sergio Ermotti took over as CEO of UBS in 2011, replacing Oswald Grübel.

Before becoming CEO, Ermotti held various leadership positions within UBS, including Group General Counsel and Chief Risk Officer.

Ermotti's leadership at UBS has been marked by efforts to strengthen the bank's risk management and compliance practices.

He has also overseen significant changes to the bank's organizational structure and operations.

Ermotti's tenure as CEO has been marked by a focus on rebuilding trust with clients and regulators following the financial crisis.

Take a look at this: Sergio Ermotti Ubs

Sergio Ermotti's leadership has been instrumental in UBS's financial turnaround. The bank's profits in the first half of 2015 were up 32 percent on the year previous.

Ermotti's efforts to de-risk unprofitable areas of the business and bolster the bank's capital requirements have paid off, with his compensation increasing to €10.3m in 2014, making him the bank's highest-paid executive.

Under Ermotti's watch, UBS has been able to attract new talent and pay higher bonuses, giving the bank a competitive edge over its rivals.