# Factbox-Five facts about returning UBS CEO Sergio Ermotti
Published: 2023-03-29
Category: Headlines
Category URL: https://brandsjournal.com/category/headlines/
Meta Title: Five Facts About UBS CEO Sergio Ermotti
Meta Description: Learn about the charismatic Swiss banker leading UBS's massive takeover of Credit Suisse. Discover his journey and accomplishments in finance.
URL: https://brandsjournal.com/factbox-five-facts-about-returning-ubs-ceo-sergio-ermotti/

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LONDON (Reuters) – Sergio [Ermotti](https://brandsjournal.com/how-to-dress-for-a-business-choosing-professional-attire/) has been rehired as the [CEO](https://brandsjournal.com/factbox-battles-over-ceo-pay-across-the-globe/) of Swiss banking giant UBS to steer its massive takeover of rival Credit Suisse.

Here are five facts about the 62-year-old banker.

\\* Swiss national Ermotti began his career as an apprentice at Corner Bank, before getting his first big break in 1987 with a role at Merril Lynch, where he opened their [Swiss](https://brandsjournal.com/swiss-chemicals-maker-sika-posts-13-8-jump-in-q1-sales/) capital markets operation from scratch.

\\* Described as suave, charismatic and impeccably dressed, Ermotti, who hails from Switzerland’s Italian-speaking canton of Ticino, had thought about becoming a skier or a footballer but decided to stay in [banking.](https://brandsjournal.com/banking-companies-in-usa/)

\\* He joined UBS in 2011 after being passed over for the top job at Italian lender UniCredit. Within six months of joining he was appointed interim [CEO](https://brandsjournal.com/factbox-battles-over-ceo-pay-across-the-globe/) in the wake of a $2.3 billion trading scandal, before he was picked to run UBS on a permanent basis until 2020.

\\* [Ermotti,](https://brandsjournal.com/how-to-dress-for-a-business-choosing-professional-attire/) with long experience in investment banking and wealth management, is credited with executing UBS’s turnaround and scaling down its investment [banking](https://brandsjournal.com/banking-companies-in-usa/) operations after a series of scandals and losses nearly caused the bank’s implosion.

\\* A self-described “lazy reader”, he has said he prefers skiing down the [Swiss](https://brandsjournal.com/swiss-chemicals-maker-sika-posts-13-8-jump-in-q1-sales/) slopes of St. Moritz and that he can watch the same film over and over again, citing “The Sting” as his favourite.

(Reporting by Tommy Reggiori Wilkes; Editing by Toby Chopra)


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