Ermotti’s Future Sealed as UBS CEO Becomes Swiss Re Chairman
- Executive set to join board this year before move to top role
- UBS last month named ING’s Hamers to replace Ermotti as CEO
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UBS Group AG outgoing Chief Executive Officer Sergio Ermotti has been picked to take over as chairman of reinsurer Swiss Re AG next year, ending speculation about his next job and throwing open the race to succeed UBS chairman Axel Weber.