sergio ermotti

UBS cuts 10,000 but mostly outside Asia

UBS plans to exit fixed income businesses and cut its headcount by roughly 10,000. It will focus more on its private bank, which is a growth area in Asia.

October 31, 2012

UBS solves leadership puzzle

Sergio Ermotti is formally anointed group CEO of UBS, while Axel Weber's appointment to chairman of the board is accelerated.

November 15, 2011

Head rolls at UBS

Oswald Grübel takes responsibility for the $2.3 billion trading loss at UBS and resigns as group CEO. He is replaced, on an interim basis, by Sergio Ermotti who joined UBS in April.

September 25, 2011