UBS Ermotti

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.

Sameera Anand

November 16, 2011

Kaspar Villiger (left) and Sergio Ermotti announce UBS's leadership changes at a press conference yesterday (AFP)

UBS yesterday confirmed Sergio Ermotti as its group chief executive officer and announced that Axel Weber would succeed Kaspar Villiger as chairman of the board in 2012.

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