class=”sc-3778e872-0 cKDKQr”>
Sergio Ermotti (62) must do more in his new role as CEO of big bank UBS. As expected, the Ticino native resigned as Chairman of reinsurer Swiss Re on April 30. He temporarily hands over the office to his deputy, Jacques de Vaucleroy, 61, who will lead the search for a successor.
Swiss Re announced on Thursday that Ermotti is stepping down from the Presidency following the end of the agreed handover period to focus on his role at UBS. According to Jacques de Vaucleroy, Vice President and Chief Independent Director, the search for a successor has begun.
Ermotti said in a statement that he was honored to lead Swiss Re’s Board of Directors for the past two years. “Swiss Re’s strategic goals are clear and I believe the company is well positioned to succeed.”
After the announcement that UBS would take over Credit Suisse, Ermotti was soon rehired as CEO of UBS. When the change of CEO at the top of the bank was announced, it was said that Ermotti would step down as Chairman of Swiss Re after a short handover period to ensure an orderly transition at the reinsurer.
Ermotti presided over UBS for nine years, from 2011 to 2020, before becoming President of Swiss Re. (SDA/smt)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
On the same day of the terrorist attack on the Krokus City Hall in Moscow,…
class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…
class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…
At least seven people have been killed and 57 injured in severe earthquakes in the…
The American space agency NASA would establish a uniform lunar time on behalf of the…
class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…