Sergio Ermotti

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Sergio Ermotti (2012)

Sergio Pietro Ermotti (born May 11, 1960 in Lugano ; entitled to live there ) is a Swiss bank manager . He is Group Chief Executive Officer (CEO) of the holding company UBS Group AG.

education

Sergio Ermotti completed a banking apprenticeship at Cornèr Bank in Lugano. He holds a federal diploma in banking and has completed the Advanced Management Program from Oxford University .

Career

Citibank

In 1985 he moved to the Citicorp Investment Bank (Switzerland) in Zurich , where he initially worked in reverse convertible bonds and eventually rose to become Vice President .

Merrill Lynch

In 1987 he continued his career in the Zurich branch of Merrill Lynch , where he was in charge of the equity derivatives and capital market activities in francophone Switzerland. In 1993 he was promoted to Managing Director and moved to London , where he became Head of European Equity Derivatives . Three years later he went to New York City , where he was appointed Head of Global Equity Derivatives , and from 1997 to 1999 he was Head of Global Equity Linked Products . From 1998 he was a member of the Executive Management Committee for Europe, the Middle East and Africa (EMEA) based in London. As Head of Equity Markets from 1999 to 2001, Ermotti was responsible for Merrill Lynch's equity operations in EMEA. From 2001 he held positions as Senior Vice President and Co-Head of Global Equity Markets , and led the global equity business. At that time he was also a member of the Operating Committee and the Executive Management Committee , where he was responsible for Global Markets & Investment Banking .

Unicredit

In December 2005, when the Italian institute had taken over Bayerische Hypo- und Vereinsbank (HVB), S. Ermotti moved to Unicredit , where he became Group Board Member for the Multinationals / Investment Banking division. The asset management business was added later. From 2007 to 2010 he was Deputy CEO of Unicredit. When, after the resignation of the then CEO Alessandro Profumo , he did not get the position that had become vacant, he left Unicredit in October 2010.

UBS Group AG

In April 2011, Ermotti moved to UBS, where he became Chairman and CEO for EMEA and a member of the Executive Committee. Following the resignation of Oswald Grübel following a major loss in investment banking at UBS in London, Ermotti was appointed interim CEO of the company by the Board of Directors of UBS AG on September 24, 2011 . He has been the permanent CEO of UBS AG since November 15, 2011. When UBS AG was converted into a holding company in 2014 , Ermotti was elected Group CEO of UBS Group AG. At the end of 2015, Ermotti was named the most successful SMI manager by Switzerland on Sunday .

On February 19, 2020, UBS announced the nomination of Ralph Hamers , previously CEO of the Dutch ING Group , to succeed Sergio Ermotti. Hamers is supposed to take the lead on November 1st of that year.

Other mandates and interests

Sergio Ermotti is a member of the Board of Directors of UBS Switzerland AG and Chairman of the Board of Trustees of the UBS Optimus Foundation. He is also a board member of the Global Apprenticeship Network and the Swiss-American Chamber of Commerce . He is also a member of the Institut International d'Etudes Bancairesdes and the Saïd Business School Global Leadership Council at the University of Oxford .

At the end of May 2011, Sergio Ermotti founded the family foundation Fondazione Ermotti, Lugano , of which he is Chairman of the Board of Directors to this day.

Previous private mandates

From 2007 to February 2012, Ermotti was Chairman of the Board of Directors of the Ticino regional airline Darwin Airline . He was a non-executive director of the London Stock Exchange from September 2008 to July 2013 .

In the Ticino investment company Enterra he was a member of the board of directors and chairman of the board of a luxury hotel in Ticino. After Ermotti's appointment as CEO, there was ad interim criticism in the media because four real estate companies, of which Ermotti was Chairman of the Board of Directors, had their headquarters in Panama . Panama has been a tax haven for decades due to the very low level of transparency of the financial institutions and authorities there .

At the end of September 2011, UBS announced that Ermotti would part with the private mandate, which was completed on April 27, 2012.

Ermotti was also a member of the board of trustees of the Fondazione Lugano per il Polo Culturale, Lugano and of the LinkedIn Influencers program , for which he wrote on global economic topics.

compensation

Ermotti's total compensation for 2018 amounted to 14.1 million Swiss francs , similar to the previous year's 14.2 million. His total remuneration (excluding fringe benefits and employer contributions to the pension fund) for 2015 was 14.3 million francs, and for 2016 it was 13.4 million.

Family and language skills

In addition to his native Italian, Sergio Ermotti speaks German, English and French. He is married and has two sons.

literature

Web links

Commons : Sergio Ermotti  - collection of images

Individual evidence

  1. ↑ Ghizzoni wants three Bank Austria supervisory board members by his side ( Memento of December 18, 2015 in the Internet Archive ), Wirtschaftsblatt , October 26, 2010, accessed on September 25, 2011.
  2. ↑ Ermotti, Sergio P., from Lugano, in Zug.  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. In: Commercial Register of the Canton of Zurich, Internet excerpt from UBS. Retrieved October 16, 2011@1@ 2Template: Toter Link / zh.powernet.ch  
  3. ↑ SEF - Sergio P. Ermotti ( Memento of the original dated December 8, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved November 30, 2015 @1@ 2Template: Webachiv / IABot / www.swisseconomic.ch
  4. ↑ a b c d e f g UBS CV . UBS.com. Retrieved May 1, 2015.
  5. ↑ Finance and Economy . fuw.ch. Retrieved November 30, 2015.
  6. ↑ a b Sergio Ermotti. Swiss bank manager; UBS . Munzinger Online / People - International Biographical Archive. Retrieved February 8, 2018.
  7. ↑ a b New UBS boss Sergio Ermotti: The banker from Ticino . Frankfurter Allgemeine Zeitung. Retrieved February 8, 2018.
  8. ^ The third career of Sergio Ermotti . The New Zurich Times. Retrieved January 8, 2018.
  9. ↑ Sergio P. Ermotti appointed ad interim Group CEO - Oswald J. Grübel resigns. Media release of September 24, 2011
  10. ↑ Nominations to the top management level of UBS. Media release from November 15, 2011
  11. ↑ Sergio Ermotti leads UBS to the top. Switzerland on Sunday 26 December 2015
  12. ↑ https://www.ubs.com/global/en/investor-relations/press-releases/overview-news-display-ndp/en-20200219-group-ceo.html
  13. ↑ Lukas Gähwiler becomes President of UBS Switzerland , Neue Zürcher Zeitung from April 21, 2017
  14. ^ The School. About. Boards and Councils . Saïd Business School. Archived from the original on February 26, 2018. Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Accessed January 31, 2018. @1@ 2Template: Webachiv / IABot / www.sbs.ox.ac.uk
  15. ↑ a b Beat Schmid: New man, old strategy. In: The Sunday of September 25th, 2011
  16. ↑ Claude Baumann: UBS boss Ermotti wants to review external mandates. In: Handelszeitung from September 28, 2011
  17. ^ The mandates of the UBS boss. In: Tages-Anzeiger of September 27, 2011
  18. ↑ UBS: Sergio Ermotti gives up external mandates. In: Handelszeitung from September 28, 2011
  19. ↑ Arthur Rutishauser: "We are in a more difficult situation than many think". Interview with Kaspar Villiger in: Tages-Anzeiger from November 16, 2011
  20. ↑ LinkedIn Influencer Program . LinkedIn. Retrieved January 31, 2014.
  21. ↑ UBS CEO in Cash Windfall. March 15, 2019, Retrieved March 20, 2019 (UK English).
  22. ↑ Sergio Ermotti earned over 14 million francs in 2017 In: cash on March 9, 2018, accessed on December 22, 2018.
  23. ↑ UBS Group AG. Compensation report 2016 . UBS.com. Accessed January 31, 2018.
personal data
SURNAME Ermotti, Sergio
ALTERNATIVE NAMES Ermotti, Sergio Pietro (full name); Ermotti, Sergio P.
BRIEF DESCRIPTION Swiss bank manager
DATE OF BIRTH May 11, 1960
PLACE OF BIRTH Lugano , Switzerland