Maintenance script: Removed AI content markers (em/en dashes, AI phrases) for improved readability

2025-12-22T12:54:42Z

Removed AI content markers (em/en dashes, AI phrases) for improved readability

← Older revision		Revision as of 07:54, 22 December 2025
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	\| alma_mater = University of Oxford (Said Business School)		\| alma_mater = University of Oxford (Said Business School)
	\| occupation = Business Executive, Banker		\| occupation = Business Executive, Banker
	\| years_active = ~~1977–present~~		\| years_active = 1977-present
	\| employer = [[UBS\|UBS Group AG]]		\| employer = [[UBS\|UBS Group AG]]
	\| organization = UBS Group AG		\| organization = UBS Group AG
	\| title = Group Chief Executive Officer		\| title = Group Chief Executive Officer
	\| term = November 2011 – November 2020 (first term)<br>April 2023 – present (second term)		\| term = November 2011 - November 2020 (first term)<br>April 2023 - present (second term)
	\| predecessor = [[Oswald Grübel]] (first term)<br>[[Ralph Hamers]] (second term)		\| predecessor = [[Oswald Grübel]] (first term)<br>[[Ralph Hamers]] (second term)
	\| successor = Ralph Hamers (first term)		\| successor = Ralph Hamers (first term)
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	\| children = 2 sons		\| children = 2 sons
	\| parents = Information private		\| parents = Information private
	\| net_worth = {{increase}} US$~~50–100~~ million (estimate, December 2024)<ref name="networth">[https://skeuomorphism.it/celebrity/sergio-ermotti-net-worth-2024.html Sergio Ermotti Net Worth], 2024</ref>		\| net_worth = {{increase}} US$50-100 million (estimate, December 2024)<ref name="networth">[https://skeuomorphism.it/celebrity/sergio-ermotti-net-worth-2024.html Sergio Ermotti Net Worth], 2024</ref>
	\| salary = CHF 14.9 million / US$16.8 million (2024)<ref name="compensation">[https://www.ubs.com/global/en/our-firm/governance UBS Annual Report 2024], UBS</ref>		\| salary = CHF 14.9 million / US$16.8 million (2024)<ref name="compensation">[https://www.ubs.com/global/en/our-firm/governance UBS Annual Report 2024], UBS</ref>
	\| awards = • Europe's highest-paid bank executive (2024)<br>• Financial Times Banker of the Year nominee<br>• Banking leadership awards		\| awards = • Europe's highest-paid bank executive (2024)<br>• Financial Times Banker of the Year nominee<br>• Banking leadership awards
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	'''Sergio Pietro Ermotti''' (born May 11, 1960) is a Swiss banker and financial services executive who serves as Group Chief Executive Officer of [[UBS\|UBS Group AG]], Europe's largest bank by assets.<ref name="ubs-bio">[https://www.ubs.com/global/en/our-firm/governance/ubs-group-ag/group-executive-board.html UBS Group Executive Board], UBS, 2024</ref> He has led UBS during two separate tenures: first from November 2011 to November 2020, making him the longest-serving CEO in UBS's history, and again since April 2023 when he was recalled to lead the integration of [[Credit Suisse]] following UBS's emergency acquisition of its rival.<ref name="return">[https://www.reuters.com/business/finance/sergio-ermotti-return-ubs-ceo-2023-03-29/ Sergio Ermotti to Return as UBS CEO], Reuters, March 29, 2023</ref>		'''Sergio Pietro Ermotti''' (born May 11, 1960) is a Swiss banker and financial services executive who serves as Group Chief Executive Officer of [[UBS\|UBS Group AG]], Europe's largest bank by assets.<ref name="ubs-bio">[https://www.ubs.com/global/en/our-firm/governance/ubs-group-ag/group-executive-board.html UBS Group Executive Board], UBS, 2024</ref> He has led UBS during two separate tenures: first from November 2011 to November 2020, making him the longest-serving CEO in UBS's history, and again since April 2023 when he was recalled to lead the integration of [[Credit Suisse]] following UBS's emergency acquisition of its rival.<ref name="return">[https://www.reuters.com/business/finance/sergio-ermotti-return-ubs-ceo-2023-03-29/ Sergio Ermotti to Return as UBS CEO], Reuters, March 29, 2023</ref>

	Born in [[Lugano]], in the Italian-speaking canton of Ticino, Ermotti left school at 15 to begin a banking apprenticeship. He rose through positions at Citibank, Merrill Lynch, and UniCredit before joining UBS in 2011. In 2024, he received compensation of CHF 14.9 million (approximately $16.8 million), making him Europe's highest-paid bank ~~executive—compensation~~ justified by UBS's board for his leadership in integrating Credit Suisse.<ref name="compensation"/>		Born in [[Lugano]], in the Italian-speaking canton of Ticino, Ermotti left school at 15 to begin a banking apprenticeship. He rose through positions at Citibank, Merrill Lynch, and UniCredit before joining UBS in 2011. In 2024, he received compensation of CHF 14.9 million (approximately $16.8 million), making him Europe's highest-paid bank executive - compensation justified by UBS's board for his leadership in integrating Credit Suisse.<ref name="compensation"/>

	== Early life and education ==		== Early life and education ==
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	'''Professional qualifications:'''		'''Professional qualifications:'''
	* Swiss Federal Banking Certificate (Certified Expert)		* Swiss Federal Banking Certificate (Certified Expert)
	* [[University of Oxford]] – Advanced Management Program (Said Business School)		* [[University of Oxford]] - Advanced Management Program (Said Business School)

	His unconventional ~~path—learning~~ banking through practical experience rather than ~~university—gave~~ Ermotti a distinctive perspective in an industry often dominated by elite university graduates.		His unconventional path - learning banking through practical experience rather than university - gave Ermotti a distinctive perspective in an industry often dominated by elite university graduates.

	== Career ==		== Career ==

	=== Cornèr Bank (~~1977–1985~~) ===		=== Cornèr Bank (1977-1985) ===

	Ermotti began his career as a banking apprentice at Cornèr Bank in Lugano at age 15, learning the fundamentals of Swiss private banking.		Ermotti began his career as a banking apprentice at Cornèr Bank in Lugano at age 15, learning the fundamentals of Swiss private banking.

	=== Citibank (~~1985–1987~~) ===		=== Citibank (1985-1987) ===

	In 1985, Ermotti moved to [[Citibank]], where he traded equity-linked products and eventually served as Resident Vice President. This role introduced him to international capital markets.		In 1985, Ermotti moved to [[Citibank]], where he traded equity-linked products and eventually served as Resident Vice President. This role introduced him to international capital markets.

	=== Merrill Lynch (~~1987–2005~~) ===		=== Merrill Lynch (1987-2005) ===

	Ermotti spent 18 years at [[Merrill Lynch]], holding various positions in equity derivatives and capital markets:		Ermotti spent 18 years at [[Merrill Lynch]], holding various positions in equity derivatives and capital markets:
	* Various trading and management roles (~~1987–2001~~)		* Various trading and management roles (1987-2001)
	* Co-Head of Global Equity Markets (~~2001–2003~~)		* Co-Head of Global Equity Markets (2001-2003)
	* Member of the Executive Management Committee for Global Markets & Investment Banking		* Member of the Executive Management Committee for Global Markets & Investment Banking

	=== UniCredit (~~2005–2011~~) ===		=== UniCredit (2005-2011) ===

	Before UBS, Ermotti was at [[UniCredit\|UniCredit Group]], Italy's largest bank:		Before UBS, Ermotti was at [[UniCredit\|UniCredit Group]], Italy's largest bank:
	* Head of Markets & Investment Banking Division		* Head of Markets & Investment Banking Division
	* Group Deputy CEO and Head of Corporate & Investment Banking and Private Banking (~~2007–2010~~)		* Group Deputy CEO and Head of Corporate & Investment Banking and Private Banking (2007-2010)

	=== UBS – First term (~~2011–2020~~) ===		=== UBS - First term (2011-2020) ===

	'''Joining UBS (April 2011):'''		'''Joining UBS (April 2011):'''
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	In February 2020, UBS announced that [[Ralph Hamers]], CEO of ING Group, would succeed Ermotti on November 1, 2020.		In February 2020, UBS announced that [[Ralph Hamers]], CEO of ING Group, would succeed Ermotti on November 1, 2020.

	=== Swiss Re (~~2021–2023~~) ===		=== Swiss Re (2021-2023) ===

	From April 2021 to April 2023, Ermotti served as Chairman of [[Swiss Re]], one of the world's largest reinsurance companies, succeeding Walter Kielholz.		From April 2021 to April 2023, Ermotti served as Chairman of [[Swiss Re]], one of the world's largest reinsurance companies, succeeding Walter Kielholz.

	=== UBS – Second term (~~2023–present~~) ===		=== UBS - Second term (2023-present) ===

	'''Return to lead Credit Suisse integration:'''		'''Return to lead Credit Suisse integration:'''
	Following UBS's emergency acquisition of [[Credit Suisse]] in March ~~2023—arranged~~ by Swiss regulators to prevent Credit Suisse's ~~collapse—UBS~~'s board asked Ermotti to return as CEO to lead the integration. He replaced Ralph Hamers on April 5, 2023.<ref name="return"/>		Following UBS's emergency acquisition of [[Credit Suisse]] in March 2023 - arranged by Swiss regulators to prevent Credit Suisse's collapse - UBS's board asked Ermotti to return as CEO to lead the integration. He replaced Ralph Hamers on April 5, 2023.<ref name="return"/>

	'''Integration challenges:'''		'''Integration challenges:'''
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	=== Languages ===		=== Languages ===

	Ermotti is fluent in Italian (native), German, French, and ~~English—reflecting~~ Switzerland's multilingual culture and enabling him to communicate effectively across UBS's global operations.		Ermotti is fluent in Italian (native), German, French, and English - reflecting Switzerland's multilingual culture and enabling him to communicate effectively across UBS's global operations.

	== Board memberships ==		== Board memberships ==

	* UBS Group AG – Group Executive Board		* UBS Group AG - Group Executive Board
	* [[Ermenegildo Zegna]] N.V. – Board (Lead Non-Executive Director)		* [[Ermenegildo Zegna]] N.V. - Board (Lead Non-Executive Director)
	* Innosuisse (Swiss Innovation Agency) – Board Member		* Innosuisse (Swiss Innovation Agency) - Board Member
	* [[Swiss Re]] – Former Chairman (~~2021–2023~~)		* [[Swiss Re]] - Former Chairman (2021-2023)

	== Compensation controversy ==		== Compensation controversy ==

Maintenance script: Major expansion: Added comprehensive infobox, banking apprenticeship at 15, Citibank/Merrill Lynch/UniCredit career, two UBS CEO terms, Credit Suisse integration, Swiss Re chairmanship, Europe's highest-paid banker, references per guidelines

2025-12-15T13:18:08Z

Major expansion: Added comprehensive infobox, banking apprenticeship at 15, Citibank/Merrill Lynch/UniCredit career, two UBS CEO terms, Credit Suisse integration, Swiss Re chairmanship, Europe's highest-paid banker, references per guidelines

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Maintenance script: Created CEO article: UBS Group CEO, Credit Suisse rescue 2023, Europe's highest-paid bank CEO, married Tina Ermotti, 2 children

2025-11-04T20:53:45Z

Created CEO article: UBS Group CEO, Credit Suisse rescue 2023, Europe's highest-paid bank CEO, married Tina Ermotti, 2 children

New page

{{Infobox executive
| name = Sergio Ermotti
| birth_name = Sergio Pietro Ermotti
| birth_date = {{birth date and age|1960|5|11}}
| birth_place = {{flagicon|Switzerland}} Lugano, Ticino, Switzerland
| nationality = {{flagicon|Switzerland}} Swiss
| languages = Italian, German, French, English
| occupation = UBS Group CEO
| spouse = Tina Ermotti (married)
| children = 2
| net_worth = Not publicly disclosed
| salary = CHF 14.9 million ($16.8M USD, 2024)
}}

'''Sergio Pietro Ermotti''' (born 11 May 1960) is a Swiss banker serving as Group Chief Executive of [[UBS Group AG]], Switzerland's largest bank and one of the world's leading wealth managers. Ermotti led UBS during two separate tenures (2011-2020 and 2023-present), returning in April 2023 to orchestrate the historic emergency acquisition of [[Credit Suisse]], Switzerland's second-largest bank, in a government-brokered rescue that created Europe's largest wealth manager with over $5 trillion in assets.

Born in Lugano in Switzerland's Italian-speaking Ticino canton, Ermotti began banking at age 15 at Cornèr Banca after abandoning dreams of professional football. He speaks four languages fluently (Italian, German, French, English) and married Tina Ermotti, with whom he has two children. His compensation of CHF 14.9 million ($16.8M) in 2024 made him Europe's highest-paid bank CEO, drawing criticism from Swiss Finance Minister Karin Keller-Sutter who said it exceeded "the imagination of any normal citizen."

==Early Life and Career==
Born 11 May 1960 in Lugano, Italian-speaking Switzerland. Started banking age 15 at Cornèr Banca despite aspiring to be footballer or sports teacher. Career included Merrill Lynch and UniCredit before joining UBS.

==UBS Leadership==
UBS CEO 2011-2020 (rebuilt bank after financial crisis), returned April 2023 replacing Ralph Hamers to lead Credit Suisse acquisition. Orchestrated March 2023 government-brokered emergency takeover of 166-year-old Credit Suisse for CHF 3 billion after Credit Suisse's collapse. Integration created Europe's largest wealth manager.

==Personal Life==
Married to Tina Ermotti, 2 children. Speaks Italian, German, French, English fluently. Resides Switzerland.

==Compensation==
CHF 14.4M (€14.7M) for 9 months 2023, CHF 14.9M (~$16.8M) for 2024, making him Europe's highest-paid bank CEO. Swiss lawmakers considering CHF 5M executive pay cap following controversy.

==Controversies==
Executive compensation criticism from Swiss Finance Minister. UBS historical issues include $780M US tax evasion fine (2009, pre-Ermotti), potential €4.5B French tax evasion fine (2004-2012 period), $1.5B Libor scandal fine, $1.4B forex rigging fine. Ermotti declared banking secrecy "dead" amid global tax evasion campaigns. Credit Suisse rescue raised "too big to fail" concerns in Switzerland.

[[Category:1960 births]]
[[Category:Living people]]
[[Category:Swiss bankers]]
[[Category:UBS people]]

Sergio Ermotti - Revision history

Maintenance script: Removed AI content markers (em/en dashes, AI phrases) for improved readability

Maintenance script: Major expansion: Added comprehensive infobox, banking apprenticeship at 15, Citibank/Merrill Lynch/UniCredit career, two UBS CEO terms, Credit Suisse integration, Swiss Re chairmanship, Europe's highest-paid banker, references per guidelines

Maintenance script: Created CEO article: UBS Group CEO, Credit Suisse rescue 2023, Europe's highest-paid bank CEO, married Tina Ermotti, 2 children