UBS Group

UBS

Market cap $148B

UBS CEO Sergio Ermotti is set to step down after completing the integration of Credit Suisse, with the Financial Times reporting on Tuesday that the veteran Swiss banker's departure is expected in April 2027.

Alli McCartney, UBS Private Wealth Management managing director and UBS Alignment Partners founding partner, joins 'Squawk Box' to discuss the criminal probe facing Fed Chair Powell, impact on the markets, and more.

Alli McCartney, UBS Private Wealth Management managing director and UBS Alignment Partners founding partner, joins 'Squawk Box' to discuss the latest market trends, what to expect from bank earnings this week, and more.

UBS chief executive Sergio Ermotti is planning to step down in April 2027, reported the Financial Times. The move sets in motion a succession race for one of the most powerful roles in global banking.

UBS Group CEO Sergio Ermotti is planning to step down in April 2027, the Financial Times reported on Tuesday.

UBS CEO Sergio Ermotti says the proposed new banking reforms in Switzerland go “too far” and that lender needs a competitive regulatory framework to grow.

Shares in The Sage Group PLC (LSE:SGE) rose 1.5% to 1,099p on Monday after UBS upgraded the accounting software provider to 'buy', arguing that its growth outlook is attractively priced and that artificial intelligence should support – rather than disrupt – its business. Analyst Michael Briest raised his price target slightly to 1,425p from 1,400p, implying around 33% upside.

The group reiterated its opposition to the proposal to increase capital requirements, saying the plan would hurt its operations and place a burden on the country's economy.

UBS on Monday rejected government proposals to strengthen regulations for the bank in the wake of the collapse of Credit Suisse, saying they would make Switzerland uncompetitive and arguing instead for less costly alternatives.

Hong Kong-based CK Hutchison has picked Goldman Sachs and UBS Group AG to work on the planned initial public offering of its unit A.S. Watson Group, Bloomberg News reported on Friday, citing people familiar with the matter.