business / news / / Reuters
UBS's board is increasingly open to having an external successor take on Ermotti's mantle.
Sergio Ermotti may remain UBS CEO into late 2027 due to lack of internal successors.
KEY POINTS
- UBS's board is now open to appointing an external candidate as the next CEO.
- UBS could face up to $22 billion in extra capital requirements under proposed Swiss regulations.
- UBS is considering moving its headquarters abroad if Swiss regulatory measures are too strict.
- The choice of next CEO may depend on whether UBS remains headquartered in Switzerland or relocates.
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