UBS has announced changes to its leadership team following the acquisition of Credit Suisse. Credit Suisse CEO Ulrich Körner will join UBS’s executive board, while Todd Tuckner will become the new group CFO. Other appointments include Beatriz Martin Jimenez, Michelle Bereaux, and Stefan Seiler.
Facts
- Credit Suisse CEO Ulrich Körner will join UBS’s executive board after the takeover is completed.
- Todd Tuckner, currently CFO and head of business performance and risk management for global wealth management at UBS, will become the new group CFO.
- Beatriz Martin Jimenez is appointed as head of the non-core and legacy and president of the EMEA region.
- Michelle Bereaux is appointed as the group integration officer.
- Stefan Seiler is appointed as group head of human resources and corporate services.
- UBS and Credit Suisse will continue to operate independently, with UBS gradually integrating the two entities into a consolidated banking group.
- UBS CEO Sergio Ermotti believes the acquisition is a significant moment for UBS, Credit Suisse, and the banking industry, aiming to represent the Swiss model of finance globally.
