Tag: Sergio Ermotti

UBS Posts Significant Q3 Loss Following Credit Suisse Acquisition Yet Shows Signs of Wealth Management Recovery

Financial Data Ben - November 7, 2023

Swiss UBS encounters a setback with a $785 million loss amidst Credit Suisse integration costs. UBS Group AG has revealed a substantial third-quarter loss of $785 million, a figure that eclipsed analyst expectations due to expenses associated with the acquisition of rival Credit Suisse. The recorded loss surpassed the anticipated $444 million, as projected by analysts in a UBS-conducted poll.

Former UBS Executive Sarah Youngwood Appointed As Nasdaq CFO

Job Movements Mark Lagarde - August 31, 2023

Fortunately, the Nasdaq board remains a female-driven exchange. This is also shown by the latest job appointments at the world's most important technology exchange. Sarah Youngwood (LinkedIn), who previously found herself sidelined on Sergio Ermotti's UBS board, has been appointed as the CFO for Nasdaq. This transition will take effect from December 1, as she fills the shoes of outgoing CFO Ann Dennison.

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