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Outgoing UBS Chief Executive Slated For Swiss Re Chairmanship

Tom Burroughes

6 March 2020

In a new role that sees him move to insurance from wealth management, outgoing , the insurance and reinsurance group. 

Ermotti, who as reported here, is leaving Zurich-listed UBS later this year after a decade in the job, is being proposed for election as a new, non-executive and independent board member at Swiss Re. The election will take place at the firm’s annual shareholder meeting on 17 April, Swiss Re said in a statement earlier this week. The serving period is for a year; Ermotti is slated to replace Walter Kieholz, chairman.

Before UBS, which he joined in 2011, Ermotti was group deputy CEO at UniCredit, the Italian banking group, responsible for its corporate and investment banking arm. He started his career at Merrill Lynch in 1987 in a variety of roles. Ermotti is s Swiss citizen.