UBS turns to Morgan Stanley playbook with four-horse succession race

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UBS turns to Morgan Stanley playbook with four-horse succession race

Kelleher, Colm (UBS) in Nov 2025 from Alamy 15Jan26 575x375.jpg

With Sergio Ermotti set to step down as group CEO, chairman Colm Kelleher favours an orderly, internal succession. But in a critical year for the bank, there could be turbulence ahead

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