Switzerland's largest bank, UBS, has named Ralph Hamers as its new Group Chief Executive Officer, effective November 1, 2020, according to a media release. Hamers currently serves as CEO of Dutch ING Group.
Ralph Hamers will join UBS as a member of the group executive board on September 1, 2020 in order to ensure a smooth leadership transition. Effective November 1, 2020, Hamers will become group chief executive officer (CEO) and president of the executive board of UBS.
The 53-year-old Dutch banker will succeed group CEO Sergio Ermotti, who has been with the bank for more than nine years. He joined ING Group in 1991. During his career, he progressed through a series of roles across business segments and geographies before becoming CEO in 2013.
Fundamental Shift
Under his leadership, ING Group has implemented a fundamental shift in its operating model and is now considered one of the best examples of digital innovation in the banking sector.
Hamers holds a Master of Science in Business Econometrics and Operations Research from Tilburg University in the Netherlands and is chairman of the European Banking Group, the leading European banking association.
More to follow.
