Sergio Ermotti UBS CEO Career Path and Achievements

Sergio Ermotti has led UBS as CEO since 2011, overseeing significant changes in the bank's strategy and operations.

He was appointed CEO in 2011, succeeding Oswald Grübel.

Before becoming CEO, Ermotti held various leadership roles within UBS, including Group Chief Risk Officer and Head of the Investment Bank.

Sergio Ermotti was appointed as the CEO of UBS in 2011, taking over from Oswald Grubel.

He led the bank through a period of significant change, implementing a major restructuring program that resulted in the sale of the bank's private banking business in the US.

The restructuring program also led to the reduction of UBS's workforce by around 10,000 employees.

Sergio Ermotti's leadership was instrumental in stabilizing the bank's finances and restoring its reputation.

In 2018, he announced his intention to step down as CEO, citing a desire to pursue new challenges.

He was succeeded by Ralph Hamers, who had previously served as the CEO of ING Group.

Sergio Ermotti's tenure at UBS has been marked by significant appointments. He was appointed Group Chief Executive Officer in 2011.

Sergio Ermotti's leadership has led to several key appointments within the bank.

Kaspar Villiger, a seasoned Swiss banker, was appointed to the Board of Directors in 2012.

The bank's leadership team has undergone changes under Ermotti's watch.

Sergio Ermotti was appointed Chairman of the Board of Directors in 2018.

Sergio Ermotti's career is a testament to his dedication and hard work. He started his banking career at the Cornèr Bank, where he was later promoted to trading.

Ermotti's big break came when he moved to Citibank in Zurich in 1986, where he traded equity-linked products and eventually became a Resident Vice President. He then joined Merrill Lynch in Zurich, where he held various positions in equity derivatives and capital markets.

In 1993, Ermotti was promoted to Managing Director and moved to London to lead the European equity derivatives unit. Three years later, he relocated to New York as the head of global derivatives trading.

Here's a brief timeline of Ermotti's key positions:

After leaving Merrill Lynch, Ermotti joined UniCredit in Milan in 2005 as the head of markets & investment banking. He eventually became the deputy CEO of UniCredit in 2007, but left the company in 2010.