Sergio P. Ermotti

Today was my last day as UBS Group CEO. Holding this role has been the privilege of a lifetime, and I’m proud that UBS is stronger than ever – strategically, financially and operationally.

To the UBS team: I would like to sincerely thank each of you for your passion, hard work and commitment to deliver for our clients and for each other. You’ve truly shown me the best of UBS. I’ll be watching the firm’s future with great interest and optimism as you start to write another successful chapter in UBS’s history under Ralph Hamers' leadership.

It’s been an honor.


#shareUBS

Last night, at the 2024 Euromoney Awards for Excellence ceremony, UBS was honored with eight awards, including one for “World’s Best Bank”.

Ten years ago, the last time UBS won this award, it was a much-welcomed confirmation of our decision to accelerate our strategic shift further into global wealth management and Swiss universal banking.

That transformation ensured UBS was in a position last year to be part of the solution when turmoil came to the banking industry.

To me, the rescue of Credit Suisse in March 2023 closes that chapter.

With last night’s win, including Switzerland’s Best Bank, we open a new one.

While there is still much work ahead in the integration, we have achieved many firsts:
• We closed the deal in record time.
• We swiftly stabilized the Credit Suisse client base.
• And I am especially proud of the fact we have done all this while continuing to stay close to clients.

The preconditions for further success and future growth are now being set.

#shareUBS

It has been an intense time over the nearly 100 days since we closed the Credit Suisse acquisition.

Across the combined firm, we worked to stabilize the Credit Suisse core wealth, asset management and Swiss bank franchises while also demonstrating unwavering commitment to our clients.

Our decision on Credit Suisse (Schweiz) AG follows a thorough evaluation of all available options and represents the best solution for UBS, our stakeholders and the Swiss economy.

Last week I had the opportunity to speak at the Institute for Swiss Economic Policy (IWP) in Lucerne. At UBS, we pride ourselves on our rich history of innovation, entrepreneurship, and openness. Switzerland has long been a small nation that punches above its weight, and our dynamic financial center is a key pillar of our economic strength.
 
As we navigate a fast-moving and competitive global environment, our commitment to reducing risk and improving resilience remains steadfast. We draw inspiration from the legacy of Alfred Escher and are dedicated to learning from past lessons, including the recent rescue of Credit Suisse, to ensure sustainable growth and financial stability for Switzerland.
 
Here are my thoughts.

Today we announced UBS's earnings for the first quarter of 2020. Despite extraordinarily challenging times, our results demonstrate the true character of our organization and our people. We've shown that we're able to support our clients at the time they need it the most and provide support to the communities in which we operate, all while creating value for shareholders. Watch the video to get my thoughts on our results. For more info and the full video, visit https://lnkd.in/d_XqT9D.