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Ralph Hamers will stay on as an adviser during a transition period, but Ermotti will take over on 5 April after UBS's annual general meeting

Investment Banking Editor

UBS has rehired its former chief executive, Sergio Ermotti, less than two weeks after its $3.2bn emergency takeover of rival Credit Suisse.

Ermotti, who spent nine years at the helm of UBS before stepping down in 2020, will take over from Ralph Hamers, the bank said in a 29 March statement.

UBS rehires Sergio Ermotti as CEO after Credit Suisse takeover

UBS re-hires Sergio Ermotti as CEO after Credit Suisse takeover

Paul Clarke

Credit Suisse

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Former Goldman Sachs executive Amar Kuchinad joins crypto firm Copper as CEO 

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Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

Dmitry Tokarev has stepped back from his role as chief executive after seven years

Kirkland loses regulatory partner to Paul Weiss 

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Kirkland has been raided by Paul Weiss since it kicked off its English law offering last summer

BNP Paribas dealmaker McNaught departs in UK advisory shake-up

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The French bank has added a further two managing directors amid reshuffle in UK deals team

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Inflation in the U.K. fell below the Bank of England’s 2% target in September for the first time in more than three years, making an interest-rate cut next month more likely.

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The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.

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Fate of Lina Khan’s Bid to Reshape Antitrust Comes Down to Election

Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.

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