Sergio Ermotti UBS CEO Early Life and Banking Career

Sergio Ermotti, the CEO of UBS, has had a long and distinguished career in banking. He was born in 1958 in Switzerland.

Growing up in a family of modest means, Ermotti's early life was marked by a strong work ethic and a desire to succeed.

He studied economics at the University of Zurich, graduating with a degree in 1984.

Sergio Ermotti was born on 11 May 1960 in Lugano, Switzerland.

He grew up in an Italian-speaking city, which would later influence his career path.

After secondary school, Ermotti pursued aspirations of being a professional footballer or sports teacher.

He decided to take an apprenticeship at the Cornèr Bank in Lugano, where his father was employed, to gain experience in accounting and finance.

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

He was fascinated by foreign exchange trading and started a training program in the Securities Department of the bank.

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

Later, he attended the Advanced Management Program at Oxford University, further enhancing his skills and knowledge.

A career in banking can be a lucrative and rewarding path, with Sergio Ermotti's success at UBS being a prime example. Ermotti joined UBS in 1992 and worked his way up to become the CEO in 2011.

To succeed in a banking career, you'll need to have a strong foundation in finance and economics. Ermotti's background in finance and economics helped him navigate the complex world of banking.

Networking is key in the banking industry, and Ermotti's connections in the industry were likely crucial to his rise to the top. Ermotti's experience working with various financial institutions helped him build a vast network of contacts.

As a banker, you'll need to be comfortable with risk management and have a keen eye for financial analysis. Ermotti's experience in risk management and financial analysis was instrumental in his success at UBS.

To advance in a banking career, you'll need to be willing to take calculated risks and make tough decisions. Ermotti's leadership during the financial crisis of 2008 is a testament to his ability to make tough decisions under pressure.

Getting an MBA or other advanced degree can also be beneficial in a banking career, as it can provide you with a deeper understanding of financial concepts and theories. Ermotti's MBA from the University of Geneva helped him gain a deeper understanding of finance and economics.

Ultimately, success in a banking career requires a combination of hard work, determination, and a strong network of contacts. Ermotti's success at UBS is a shining example of what can be achieved with these qualities.

Sergio Ermotti has held leadership roles in various organizations, including Swiss Re, where he was nominated for election to the board of directors in March 2020.

He is set to succeed Walter Kielholz as chairman in 2021.

As a board member, Sergio Ermotti also serves on the board of Ermenegildo Zegna N.V., where he holds the position of lead non-executive director.

Additionally, he is a board member of Innosuisse – Swiss Innovation Agency.