Sergio Ermotti wants to remain chairman of UBS until at least 2026 | News | Present

UBS Chairman Sergio Ermotti is planning for the long term. According to Reuters, he wants to run the huge new bank until at least the end of 2026, the UBS CEO told the Economic Club of New York. He was quoted as saying that he would finish the job through the Credit Suisse merger.

Sergio Eremiti said he wants to stay at the helm of UBS long enough to merge former rival Credit Suisse. “I must finish the job,” Reuters news agency quoted him as saying.

“My goal is to finish the job, and of course that means I will stay until the end of 2026,” the UBS chief was quoted as saying. He could not think of where he would go after only three months in office.

In March, the former UBS chief executive was surprisingly restored to the top of the group following UBS’s tidy takeover of struggling CS.

According to Ruets, during his appearance in New York, Ermotti pointed to the United States and Asia as areas for future growth. At the same time, he warned that investors may be overconfident in the possibility of a soft landing in which the US economy avoids a major recession.

Despite geopolitical tensions with China, according to the head of UBS, Asia is the place to be for the next 10 to 20 years.