UBS CEO Ermotti to become chairman of Swiss Re
The news ends speculation that Ermotti might try to succeed UBS chairman Axel Weber
Sergio Ermotti, the outgoing CEO of UBS Group, has been picked to take over as chairman of reinsurer Swiss Re next year, ending speculation about his next job and throwing open the race to succeed UBS chairman Axel Weber.
Swiss Re will nominate the 59-year-old for election as a non-executive member
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