March 29, 2023
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2:29Now PlayingUBS named Sergio Ermotti as its new CEO, replacing Ralph Hamers after just over two years in charge, as it taps the veteran banker to oversee the complicated acquisition of Credit Suisse. Ermotti, who is chairman of Swiss Re, is reprising a role he held for nine years, after the annual general meeting next week, according to a statement from the bank on Wednesday. Hamers is staying with the bank for a transition period. Francine Lacqua reports on Bloomberg Television.
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