Khan do attitude: Ermotti looks to secure legacy

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By David Rothnie
05 Sep 2019

The arrival of star Credit Suisse banker Iqbal Khan gives UBS’s chief executive Sergio Ermotti the chance to achieve his ambition of reaching a decade at the helm of the bank while securing a smooth transition, writes David Rothnie. Meanwhile, UBS’s restructuring, announced on Thursday, marks a focus on intragroup collaboration.

Khan’s falling out with Tidjane Thiam may just have presented the Credit Suisse CEO’s cross-town rival with an elegant solution to his succession conundrum.

The departure of Andrea Orcel, head of the UBS investment bank, a year ago put succession in the spotlight and chairman ...

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