Khan do attitude: Ermotti looks to secure legacy

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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