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UBS head planning to leave next year - report

Wednesday, 14 January 2026 06:30

UBS chief executive Sergio Ermotti is expected to step down in April next year, according to the Financial Times. UBS is refusing to comment.

The 65-year-old banker returned to lead the group in March 2023 to oversee the emergency takeover and integration of Credit Suisse. 

It’s thought that process is now said to be far enough advanced for him to consider retirement.

Markets have welcomed his stewardship, with UBS shares doubling since he took the helm.

His departure would come as the government debates tougher capital requirements for the banking giant - a move so strongly opposed by UBS there’s been speculation it may even leave Switzerland to base itself in the United States.  

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