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ubs plans 18 month migration of credit suisse clients says ceo

UBS CEO Sergio Ermotti announced that the migration of Credit Suisse clients to UBS will take approximately 18 months. This integration follows UBS's acquisition of Credit Suisse, which collapsed amid scandals. Ermotti emphasized the complexity of the IT integration but believes it will ultimately benefit shareholders, clients, and employees.
23:08 24.10.2024

ubs plans 18 month migration of credit suisse clients says ceo

UBS CEO Sergio Ermotti announced that the migration of Credit Suisse clients to UBS will take approximately 18 months. This integration follows UBS's acquisition of Credit Suisse, which collapsed amid scandals. Ermotti emphasized the complexity of the IT integration but believes it will ultimately benefit shareholders, clients, and employees.
21:58 24.10.2024

ubs ceo announces 18 month timeline for credit suisse client migration

UBS CEO Sergio Ermotti announced that the migration of Credit Suisse clients to UBS will take approximately 18 months. This integration follows UBS's acquisition of Credit Suisse, which collapsed amid scandals. Ermotti emphasized the complexity of the IT integration but believes it will ultimately benefit shareholders, clients, and employees.
21:58 24.10.2024

ubs ceo announces 18 month timeline for credit suisse client migration

UBS CEO Sergio Ermotti announced that the migration of Credit Suisse clients to UBS will take approximately 18 months as the bank continues its integration efforts following last year's acquisition. He emphasized the complexity of the IT integration but expressed confidence that it will ultimately enhance value for shareholders, clients, and employees. This integration serves as a significant case study for regulators evaluating the resolution of systemically important banks.
21:58 24.10.2024

ubs reports cost savings ahead of schedule and market share gains

UBS is approximately six months ahead in its cost-saving initiatives and the integration of Credit Suisse, according to CEO Sergio Ermotti. The bank has completed legal entity mergers with 80 regulators providing 180 approvals globally, positioning it for further cost reductions. While market share gains are evident, particularly in equities and foreign exchange, significant cost savings from client data integration are not expected until late 2025 or into 2026.
09:00 24.09.2024
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