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That’s why Sergio Ermotti is now replacing Ralph Hamers as CEO

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That’s why Sergio Ermotti is now replacing Ralph Hamers as CEO

The Dutchman flies, the Irishman wanted a “better horse”: This is how Sergio Ermotti achieved the triumph of his life

From the middle of next week, the old UBS boss will be back in the executive chair of the new Swiss Superbank. His Swiss passport is “helpful,” says the Chairman of the Board of Directors. But the real reason for the change with a bang is another.

Rise to Superbank boss: Sergio Ermotti (left) replaces Ralph Hamers (middle) as top manager. That’s what UBS President Colm Kelleher (right) wanted.

Image: Michael Buholzer / Keystone

Horse betting is a big thing in Ireland. Anyone from the Swiss journalist community who didn’t know that the Chairman of the UBS Board of Directors, Colm Kelleher, comes from the Emerald Isle should have noticed by Wednesday at the latest – at the media conference convened at short notice at the bank’s Zurich headquarters.

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