Sergio Ermotti

19 results

Italian fashion house Ermenegildo Zegna is listing its shares via a €2.7 billion deal with a blank-check company, tapping investor cash while keeping the founding family in control.
Fashion house Zegna to list in US via Spac

Ermenegildo Zegna is listing its shares via a $3.2 billion (€2.7 billion) deal with a blank-cheque company, letting the Italian fashion house join oth(...)

UBS posted a 99 per cent jump in third-quarter profit. Photograph: Arnd Wiegmann/Reuters
UBS quarterly profit doubles, as CEO Ermotti bids farewell

UBS on Tuesday posted a 99 per cent jump in third-quarter profit as heavy turnover in global markets helped the bank to a strong performance in inves(...)

Photograph: iStock
Swiss Re lines up UBS CEO Ermotti to become chairman in 2021

Swiss Re plans to make UBS group chief executive Sergio Ermotti its chairman from next year, the world’s second-biggest reinsurer said on Tuesday, tu(...)

Photograph: Arnd Wiegmann/File Photo/Reuters
UBS cuts mid-term targets after 2019 profit drop

UBS Group cut profitability targets on Tuesday as Switzerland’s largest bank grapples with ultra-low interest rates and increased competition for weal(...)

Pay across bailed-out Irish banks has been capped at €500,000 and bonuses effectively banned for the past decade as they face an 89 per cent tax. Bank of Ireland, which is 14 per cent State-owned, is an exception. Photograph: Bryan O’Brien
Irish bank CEO pay not out of kilter with EU peers, data suggests

The pay packages of Irish banking chief executives are not out of kilter with peers in Europe when viewed against the size of their balance sheets and(...)

Photograph: Arnd Wiegmann/Reuters
UBS posts highest quarterly net income in almost a decade

UBS chief executive Sergio Ermotti saw a revival of the bank’s fortunes in the second quarter after what he’d called one of the worst starts to the ye(...)

UBS chief executive Sergio Ermotti described investment banking conditions as among the toughest seen in years, especially outside the US
UBS to cut deeper into 2019 costs as revenues slide

Swiss bank UBS is cutting an extra $300 million (€264.3 million) from 2019 costs after investment banking revenues plunged and wealth management remai(...)

UBS is the world’s largest wealth manager. Photograph: Stefano Rellandini/Reuters
UBS sticks to dividend, capital return plans after French verdict

UBS plans to stick to its proposed dividend for 2018, chief executive Sergio Ermotti said on Friday, two days after the Swiss bank was hit with a €4.5(...)

UBS headquarters in Zurich. Photograph: Arnd Wiegmann/Reuters
UBS aims high in wealth management as investment bank shines

UBS, Switzerland’s biggest bank, posted a surprise 32 per cent rise in third-quarter net profit amid a bumper quarter for its investment bank and said(...)

Credit Suisse increased bonuses by 6 per cent despite heavy losses at Switzerland’s second-biggest bank. Photograph: Kacper Pempel/Reuters
Credit Suisse CEO paid €11m despite back-to-back losses

Credit Suisse chief executive Tidjane Thiam’s pay for his first full year in the job swelled to 11.9 million Swiss francs (€11.1 million), while bonus(...)

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