UBS CEO committed to staying at the helm through 2026

"During the weekend the deal was struck, Ermotti was at a football game when his phone started to ring.
UBS Chairman Colm Kelleher later called him about rejoining the firm. "It was on Monday morning the chairman of UBS called me and asked me in to see me. I guess I started to suspect it probably was not about having a beer," Ermotti said."
"After serving as CEO from 2011 to 2020, Ermotti said he felt a duty to return and steer the bank through the turmoil. Looking ahead, Ermotti pointed to the U.S. and Asia as growth areas. But he cautioned investors may be too confident about the likelihood of soft landing in which the U.S. economy avoids a major recession.
Wealthy clients are flocking to money market funds in the U.S., tempted by higher rates, he added."

Source:

https://www.reuters.com/markets/europe/ubs-ceo-committed-staying-helm-until-least-end-2026-2023-09-14/

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