UBS (UBS) CEO Sergio Ermotti plans to step down in April 2027, Simon Foy of The Financial Times reports, citing people familiar with the matter. UBS asset management chief Aleksandar Ivanovic has emerged as one of the executives most likely to exceed Ermotti, sources told the Times. Other candidates include wealth management co-heads Iqbal Khan and Robert Karofsky as well as Chief Operating Officer Bea Martin, the sources added.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBS:
- UBS Prepares for CEO Succession as Ermotti Signals 2027 Exit
- BlackRock (BLK) to Cut 250 Jobs in Latest Round of Layoffs
- UBS price target raised to CHF 43 from CHF 38 at JPMorgan
- UBS Warns Swiss Capital Proposal for Foreign Units Would Add USD 23 Billion CET1 Burden
- UBS rejects proposed Swiss bank rules, argues for less costly alternatives