Ermotti Returns as UBS CEO, Replacing Hamers

Ralph Hammers steps down as CEO of UBS, with Sergio Armati returning to lead the bank. Armati is recognized for his transformative impact on UBS post-financial crisis, making him well-suited to integrate Credit Suisse. Banking reporter Stefania Bianchi provides insights on the unexpected leadership change and its implications for investors.

Who is stepping aside as CEO of UBS?

• Credit Suisse

• Stefania Bianchi

• Ralph Hammers

• Sergio Armati

What was a key reason for the leadership change at UBS?

• A new acquisition

• A financial crisis

• A cultural shift

• A merger with another bank

What did Sergio Armati achieve during his previous tenure at UBS?

• Decreased client trust

• Reduced global presence

• Increased the bank's footprint

• Transformed the bank after a financial crisis

What is one of the reasons Sergio Armati is considered suitable for integrating Credit Suisse?

• His expertise in marketing

• His experience with American banks

• His background in technology

• His understanding of the Swiss financial industry

What does Stefania Bianchi describe the UBS and Credit Suisse situation as?

• A predictable outcome

• A story of comeback

• A financial disaster

• A routine merger