The migration of Credit Suisse clients to UBS is expected to take around 18 months, according to UBS CEO Sergio Ermotti.

UBS acquired Credit Suisse after it faced significant challenges and collapsed last year. Ermotti highlighted the complexity of integrating the two banks' IT systems and emphasized the importance of this process for shareholders, clients, and employees.

The migration has already begun, and Ermotti emphasized the intricate nature of the task. He also mentioned that regulators are closely watching this integration as a case study for resolving systemically important banks. UBS is committed to ensuring a smooth transition as it integrates its former rival.