Ermotti toying, apparently, with industry exchange

The outgoing head of Swiss Bank UBS , Sergio p. Ermotti , standing in front of a branch exchange. According to insiders Ermotti is provided as the next Chai

Ermotti toying, apparently, with industry exchange

The outgoing head of Swiss Bank UBS , Sergio p. Ermotti , standing in front of a branch exchange. According to insiders Ermotti is provided as the next Chairman of the Board of the reinsurer Swiss Re . This was confirmed to Tamedia from UBS-circles.

Ermotti to inherit, therefore, in the spring of 2021 Walter kielholz as President of the world's second-biggest reinsurer, as three persons familiar with the issue to the Reuters news Agency said.

Swiss Re could publish a corresponding announcement in the course of this week. Swiss Re did not want to comment for the time being. UBS declined to comment as well.

Ermotti from his current office at the top of the UBS at the end of October. In early November, Ralph Hamers, CEO of the Dutch money house ING then takes over the control. Ermotti, head of UBS since 2011, has not acted so far, to his further career plans. Media had speculated that he could replace UBS President Axel Weber, who will remain reported until 2022 in the office.

keel wood is since 2009 President of the Board of Directors of Swiss Re and, since 1998, member of the Supervisory Board. He is to be elected at the annual General meeting next month, and the office then a year exercise.

(nag/sda)

Created: 02.03.2020, 21:07 PM

Updated Date: 02 March 2020, 21:01

You need to login to comment.

Please register or login.

RELATED NEWS