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UBS announced on Wednesday morning that Sergio Ermotti (62) will be the new CEO of UBS. This is welcomed in the Federal Palace: “I am happy that Sergio Ermotti is ready to take on this difficult task,” SVP party leader Thomas Aeschi (44) told Blick on Wednesday morning. In addition, he is pleased to see that the new megabank fills important positions with Swiss people, as his party calls for in an initiative.
His SVP party colleague Roland Rino Büchel (57), who once was a student at a bank, agrees with Aeschi: “Ermotti once trained at a bank. So he is essentially a ‘banker’ and not a ‘banker’. That is a very good condition for the job.”
Center National Councilor Philipp Matthias Bregy (44) also sees many good things: “It is a strong sign and will strengthen the bank.” He interprets the decision as meaning that UBS attaches great importance to stability. “It is also a connection with Switzerland, Ermotti has good connections here.”
When Ermotti was first appointed as UBS boss in 2011, politics sounded even more critical: he was accused of being out of touch with political issues and losing touch with reality.
At the time, Ermotti defended the black money strategy, saying it had made Switzerland rich. “Out of place” and “unparalleled provocation” were the nicest reactions at the time. That they are so different today also shows that Ermotti has succeeded in creating confidence with the restructuring of UBS.
This is also apparent from the statement of GLP boss Jürg Grossen (53): “With Ermotti, someone who brings a lot of experience comes to the top.” This is especially useful in turbulent times. He is also confident that the new CEO will handle the task tactfully.
SP alderman and financial politician Sarah Wyss (34) is surprised by the appointment. “I didn’t expect it that way, the news is a blast.” The SPlerin makes clear demands on the new CEO: he must now create peace and stability for the benefit of the economy.
He would also have to make a “good social plan for the acquisition of Credit Suisse”. “I also think it’s important that all interns at CS can complete their education,” Wyss tells Blick.
Source:Blick
I am Liam Livingstone and I work in a news website. My main job is to write articles for the 24 Instant News. My specialty is covering politics and current affairs, which I’m passionate about. I have worked in this field for more than 5 years now and it’s been an amazing journey. With each passing day, my knowledge increases as well as my experience of the world we live in today.
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