Bloomberg - UBS said in early talks about CEO succession

UBS building

UBS Group is in early talks with Bank of America's ex-investment banking head Christian Meissner about joining as a potential successor to Sergio Ermotti, according to people with knowledge of the talks.

Bloomberg News reports that the discussions have focused on Meissner, 49, joining in a senior role that would put him in position to take over as chief executive officer, the people said, asking not to be identified as the matter is private. The bank is considering other executives and hasn’t yet made any decisions, they said.

UBS is laying the groundwork to find a replacement for one of Europe’s longest-serving bank CEOs after high-profile departures in the past year or so, such as top dealmaker Andrea Orcel and wealth-management head Juerg Zeltner.

Hit the link below to access the complete Bloomberg News article:

UBS in Talks With Meissner as Potential Successor to CEO Ermotti

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