UBS Group CEO comments on our results for the third quarter of 2020. Ermotti is slated to succeed Walter Kielholz as the incoming chairman of Swiss Re, Switzerland's largest reinsurance company, in 2021. 2 Excluding the effects of the temporary exemption of central bank sight deposits for the going concern leverage ratio calculation granted by the Swiss Financial Market Supervisory Authority (FINMA) on 25 March 2020 in connection with COVID-19. The deep dive into the ID.3 by UBS … The most up-to-date breaking news for the New York Islanders including highlights, roster, schedule, scores and archives. 1 Return on CET1 capital is calculated as annualized net profit attributable to shareholders divided by average common equity tier 1 capital. How UBS’s innovative hub helped 60,000 work remotely with virtually no downtime during the pandemic – interview with Nej Adamian, head of digital engineering, UBS Group Technology.. Last year, 95% of your organisation started working from home, almost overnight, due to … The portion of the dividend paid out of retained earnings will be subject to a 35% Swiss withholding tax. 2017 war die UBS in 52 Ländern und an allen wichtigen Finanzplätzen mit über 1000 Niederlassungen vertreten, davon mit 9 Niederlassungen in Deutschland, 2 in Österreich und über 300 in der Schweiz. [1] At his apprenticeship, he learned to sell and trade stocks. Pfizer CEO on new data showing vaccine blocks 94% of asymptomatic infections ... Watch CNBC's full interview with Chevron CEO Mike Wirth. Ermotti is slated to succeed Walter Kielholz as the incoming chairman of Swiss Re, Switzerland's largest reinsurance company, in 2021. 2020 net profit of USD 6.6bn, 17.6% return on CET1 capital, 3Q20 net profit USD 2.1bn, 21.9% return on CET1 capital, UBS E-banking and online services Switzerland, Earnings call remarks including analyst Q&A, Select Swiss franc disclosures for Pillar 3 regulatory information, Holding company, subsidiaries and sub-groups, Net profit USD 2.1bn, +99% YoY; return on CET1 capital, CET1 capital ratio 13.5% and CET1 leverage ratio, UBS’s Board of Directors proposes the second tranche of 2019 dividend of USD 0.365 per share to be paid in November 2020, UBS makes sustainable investments its preferred solution for clients of its USD 2.8trn Global Wealth Management business, 2Q20 PBT USD 1.6bn, (10%) YoY or +5% excluding CLE, 2Q20 net profit (11%) YoY; return on CET1 capital, 1H20 PBT USD 3.6bn, +9% YoY or +24% excluding CLE, 1H20 net profit USD 2.8bn, +12% YoY; return on CET1 capital, Strong capital position with CET1 capital ratio 13.3%; CET1 leverage ratio, PBT USD 2.0bn, +30% YoY and net profit +40% YoY; return on CET1 capital, Strong capital position with CET1 capital ratio 12.8%; CET1 leverage ratio, In highly volatile and uncertain markets, UBS remained a reliable partner to its clients, extending credit well beyond government-sponsored programs, UBS demonstrated strong front-to-back operational resilience, facilitating uninterrupted connectivity with a substantial increase in volumes and client interactions, UBS is fully committed to playing its part in mitigating the effects of the COVID-19 crisis; supporting employees, clients and communities. A Computer Science portal for geeks. 3 Going concern leverage ratio under Swiss SRB rules. UBS intends to repurchase up to USD 1.1bn of shares in 1Q21. For US federal income tax purposes, we expect that the dividend will be paid out of current or accumulated earnings and profits. Konzernüberblick. It has been speculated that he might transition into Swiss politics after his career in banking. 3 Going concern leverage ratio under Swiss SRB rules. Leading UBS, Ermotti denounced the 2011 rogue trader scandal, implementing strict corporate policies governing community standards and initiated a major restructuring of the bank around private banking and limited its sell side operations. Dividends paid out of capital contribution reserves are not subject to Swiss withholding tax. UBS Group CEO comments on our results for the fourth quarter of 2020. In 2012, he tapped a colleague from Merrill Lynch, Andrea Orcel, to lead UBS's investment banking arm, eventually assisting him in navigating the 2013 Libor trading scandal, a major corporate restructuring, and a major expansion of mergers and acquisitions (M&A) activity. 3 Excluding the effects of the temporary exemption of central bank sight deposits for the going concern leverage ratio calculation granted by the Swiss Financial Market Supervisory Authority (FINMA) on 25 March 2020 in connection with COVID-19. [28] Ermotti speaks fluent Swiss Italian,[29] Swiss German,[30] Swiss French,[31] and English. Milan. All rights reserved. UBS Group CEO comments on our results for the first quarter of 2020. [8] In 1993, he was promoted to the position of Managing Director and moved to London being in charge for the European equity derivatives unit. [8] In 1987, he went on to the Swiss office of the US investment bank Merrill Lynch in Zurich,[9] and stayed with the bank for 16 years. 2 Return on CET1 capital is calculated as annualized net profit attributable to shareholders divided by average common equity tier 1 capital. We intend to propose a 2020 ordinary dividend of USD 0.37 per share 3,4; we repurchased USD 0.4bn of shares in 2020 and reserved USD 2.0bn of capital for potential future share repurchases. In 2015, the Swiss newspaper Schweiz am Sonntag named him as the most successful manager of a company listed on the Swiss Market Index. The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. You can find more information under the Privacy Statement. VIDEO … [26], As of April 2014, Ermotti was married with two children. [32] He supports Italian football club, A.C. The ex-dividend date will be 13 April 2021. 3 Shareholders whose shares are held through SIX (ISIN CH0244767585) will receive dividends in Swiss francs, based on a published exchange rate calculated to five decimal places immediately before the ex-dividend date. [5] In addition to English, Ermotti speaks Italian, German, and French fluently. UBS Group CEO comments on our results for the second quarter of 2020. Action1 Corporation, a Cloud-based endpoint security and RMM solution provider, announced the growth of its year-over-year annual recurring revenue (ARR) at a record 2,756% for 2020… He previously served as the deputy chief executive for Italian bank UniCredit, from 2007 to 2010. Although Ermotti did not attend university,[6] he received a Swiss federal banking expert diploma and subsequently attended the Advanced Management Program at Oxford University. [19] Ermotti was a member of the board at the London Stock Exchange between September 2008 and July 2013. ", "Interview de Sergio Ermotti, CEO ad interim d'UBS: "Notre stratégie c'est d'être la plus grande et la meilleure banque de gestion de fortune au monde" - Vidéo - Play RTS", "UBS's 'Mr Cool' takes the Ice Bucket Challenge - Video", https://en.wikipedia.org/w/index.php?title=Sergio_Ermotti&oldid=994373064, Bank presidents and chief executive officers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 15 December 2020, at 11:22. It contains well written, well thought and well explained computer science and programming articles, quizzes and practice/competitive programming/company interview Questions. VIDEO 04:07. [6], Ermotti was challenged by Marc Walder, CEO of Swiss media company Ringier and Gianluigi Bianchi, managing partner for Europe of Wealth-X to undertake the ALS Ice Bucket Challenge. The clouds of uncertainty over the Tesla Model Y's specs and dimensions have finally cleared up now that the automaker has started deliveries of the Model Y midsize electric SUV (last Friday). [1] Leading the firm for nearly a decade, he is the longest serving head of UBS. ", "Sergio Ermotti.Schweizer Bankmanager; UBS", "UBS Names Sergio Ermotti as Chief Executive", "Tale Of Two Bankers: Bob McCann, Sergio Ermotti Are Reinventing Wall Street", "UBS Appoints an American As Its Chief Financial Officer", "UniCredit's investment bank chief Sergio Ermotti", "UBS Boss Sergio Ermotti Headed for Unicredit? watch now. Famed Anchorman Roger Mudd Dead at 93 Filled in for Cronkite, co-anchored ‘Nightly News’, hosted ‘Meet the Press’ He started with holding various positions in equity derivatives and capital markets, and contributed to the expansion of the capital market business of the bank in french-speaking parts of Switzerland. [24][25] Swiss Re, Switzerland's largest reinsurance company, announced its intention to onboard Ermotti as its next chairman in 2021 succeeding Walter Kielholz. Shareholders holding shares through DTC (ISIN: CH0244767585; CUSIP: H42097107) will be paid dividends in US dollars. Videogames are a bigger industry than movies and North American sports combined, thanks to the pandemic Last Updated: Jan. 2, 2021 at 10:27 a.m. [7], After his apprenticeship as a stockbroker at the Cornèr Bank, Ermotti was later promoted to trading. [20][21] In November 2014, he became the CEO for UBS Group AG permanently. 2 Return on CET1 capital is calculated as annualized net profit attributable to shareholders divided by average common equity tier 1 capital. Sergio Pietro Ermotti (born 11 May 1960) is a Swiss investment banker and former stock trader.He was the chief executive officer (CEO) of UBS Group AG between November 2011 and November 2020. [4] He ruled out entering select political races for the Bundesrat stating that he was "not a politician". [27] His favorite movies are George Roy Hill's The Sting and Ken Kesey's One Flew Over the Cuckoo's Nest. You are free to change your cookies' settings in the privacy settings. [8] Three years later, in 1996, Ermotti relocated to New York, as a head of global derivatives trading. ET First Published: Dec. 22, 2020 at … 2 Excluding the effects of the temporary exemption of central bank sight deposits for going concern leverage ratio calculation granted by the Swiss Financial Market Supervisory Authority (FINMA) on 25 March 2020 in connection with COVID-19. Die Anzahl der vom Konzern beschäftigten Mitarbeiter belief sich am Ende des Jahres 2018 weltweit auf 66'888 davon etwa 31 % in Nord- und Lateinamerika, 32 % in der … 4 Subject to approval by shareholders at the Annual General Meeting scheduled for 8 April 2021, the dividend will be paid on 15 April 2021 to shareholders of record as of 14 April 2021. Omar Ishrak, chairman of Intel and former chairman and CEO of Medtronic, joined "Squawk Box" on Friday to discuss his SPAC and his aspiration in the health-care tech sector. [11][12], He joined the Italian bank UniCredit headquartered in Milan, in December 2005 as head of markets & investment banking. 1 Loans and advances to customers (on-balance sheet) and guarantees and loan commitments (off-balance sheet) included within Banking products in the table “Banking and traded products exposure in our business divisions and Group Functions” in the Risk management and control section of the fourth quarter 2020 report. Please consult the sales restrictions relating to the products or services in question for further information. [33], "How UBS Became Home to Half the World's Billionaires", "Swiss Re Picks UBS CEO Ermotti as Next Chairman", "UBS CEO rules out filling vacancy in Swiss cabinet", "An audience with Sergio Ermotti: Tutto bene? [23], In February 2020 UBS announced that Ralph Hamers CEO of ING Group would be succeeding Sergio Ermotti as CEO on 1 November. [1] In 1985, Ermotti moved to Citibank in Zurich where he traded equity-linked products and later served as its Resident Vice President. He previously served as the deputy chief … He was the chief executive officer (CEO) of UBS Group AG between November 2011 and November 2020. A teardown of Volkswagen AG’s first dedicated electric vehicle found it measures up favorably to Tesla Inc. models in several key aspects. [14] From 2007, he was UniCredit's deputy chief executive officer with responsibility for the strategic business area, corporate and investment banking and private banking,[15] before leaving in 2010. He was appointed interim group CEO in September 2011, and permanently in November 2011. 1 Refer to the “Performance of our business divisions and Group Functions” table for a list of items called out due to their one-off nature within the context of the quarter, which have been excluded to show the “adjusted” results referred to in this document. ", "Ermotti to play swiss card in UBS CEO contest", "Santander poaches new CEO from UBS — former head of investment banking Andrea Orcel", "Andrea Orcel rules out big M&A at Santander", "UBS CEO Ermotti's pay rises to $14.92 million", "UBS names ING's Ralph Hamers as next chief executive", "Swiss Re lines up UBS CEO Ermotti to become chairman in 2021", "Is UBS Grooming This "Impeccably Dressed" Man To Be CEO? Ses activités principales sont les activités de banque privée, banque d'investissement et gestion de fortune. © UBS 1998 - 2021. [22] His salary in fiscal year 2017 was estimated to be US$14.9 million. UBS est une société de services financiers dont les sièges sont à Zurich et à Bâle, en Suisse.C'est la plus grande banque de gestion de fortune dans le monde [5] avec des actifs financiers investis de 3 607 milliards de francs suisses en 2019. Sergio Pietro Ermotti was born on 11 May 1960 in Lugano, Switzerland, an Italian-speaking city. [16][17] Ermotti was appointed chairman and chief executive of UBS's Europe, Middle East, and Africa group, and became a member of the group executive board in April 2011. [13] At that point in time, UniCredit took over German bank, HypoVereinsbank (HVB). [2][3] In February 2020 UBS announced that Ralph Hamers, CEO of ING Group, would be succeeding Sergio Ermotti as CEO on 1 November. UBS Group AG will restart buying back its shares and announced a new buyback program of up to $4.5 billion, after the bank closed 2020 with a … HBO Max Launches on Cox’s X1-based Contour Platform App is now native on cable operator’s white-label video OS, three months after deploying on Comcast X1 set-tops. [18] In response to the 2011 UBS rogue trader scandal, Ermotti sent an internal memo stating: "I want to make clear that no one's personal interest nor any amount of revenue is worth more than the bank's reputation". [18], Because of his new responsibility as CEO, he resigned from his position as a president of Darwin Airline in 2011. Sergio Pietro Ermotti (born 11 May 1960) is a Swiss investment banker and former stock trader. Before turning 18 and enrolling in college to fulfill theses aspirations, Ermotti decided to fill his time with an apprenticeship at the Cornèr Bank in Lugano to "get up to speed with accounting, finance, and so on".
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