ZURICH (Reuters) – UBS has least three candidates from inside the most important Swiss financial institution who might ultimately step into the CEO position, Chief Executive Sergio Ermotti stated in a newspaper interview on Thursday on the heels of an enormous administration reshuffle.
“We have at least three good internal candidates, and if somebody leads our core business as co-chief, it’s pretty clear that this person should have the potential,” Ermotti informed the Neue Zuercher Zeitung, including a change was not imminent. “It’s just going to depend on the needs of the bank at the time of the change.”
Ermotti, who has been CEO since 2011, made the feedback after the world’s largest wealth supervisor appointed former Credit Suisse supervisor Iqbal Khan to co-lead its flagship wealth administration enterprise alongside U.S. counterpart Tom Naratil, as a part of a broader shake-up of its government board.
Reporting by John Miller; Editing by Michael Shields