# UBS’ Sergio Ermotti on the crises that shaped the bank and navigating regulatory webs

https://mins.news/en/item/135177

- South China Morning Post, 2026-11-09 08:01 UTC
- Economy
- Original: https://www.scmp.com/business/banking-finance/article/3373783/ubs-sergio-ermotti-crises-shaped-bank-and-navigating-regulatory-webs

> In March 2023, Sergio Ermotti was leading Swiss Re and preparing to renew his term when UBS chairman Colm Kelleher called. The previous day, UBS had agreed to acquire troubled rival Credit Suisse for 3 billion Swiss francs in a historic, state-brokered rescue and urgently needed an experienced leader.

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