Sergio P. Ermotti (born May 11, 1960 in Lugano, Switzerland) is a Swiss businessman from Lugano, Switzerland. He has been the CEO of UBS Group since November 2011, after having served as interim Group Chief Executive Officer since September 2011. In 2014, following the restructuring of UBS AG, he was appointed to the same position as Group CEO of the new UBS Group AG.
Sergio P. Ermotti was born on May 11, 1960. He left school at the age of 15 after deciding to follow in his father’s footsteps and began his career as a young apprentice at Cornèr Bank in Lugano. As an apprentice, Ermotti learned to sell and trade stocks.
Ermotti holds a Swiss Federal Banking Expert diploma and is a graduate of the Advanced Management Program at Oxford University.
After completing his apprenticeship as a stockbroker at Cornèr Bank, Ermotti was later promoted to trading. In 1985, he moved to Citibank, where he traded products and later served as resident vice president. He then moved to Merrill Lynch in 1987, where he stayed for 16 years, holding various positions in equity derivatives and capital markets. He was eventually promoted to co-head of global equity markets and became a member of Merrill Lynch’s executive management committee for global markets and investment banking, serving from 2001 to 2003.
He joined UniCredit in December 2005 as head of markets and investment banking. From 2007 to 2010, he served as deputy general manager of UniCredit, responsible for the strategic business area of corporate and investment banking and private banking.
Sergio P. Ermotti was appointed chairman and CEO of UBS Europe, Middle East, and Africa and became a member of the Group Executive Board in April 2011. He was appointed interim Group CEO of UBS on September 24, 2011, before being permanently appointed to the position on November 15, 2011. Due to his new responsibilities as CEO, he resigned from his position as chairman of Darwin Airline in 2011.
Sergio Ermotti was a member of the board at the London Stock Exchange from September 2008 to July 2013. In November 2014, when he became CEO of UBS Group AG, and in 2015, the Swiss newspaper Schweiz am Sonntag named him the most successful director of a company listed on the Swiss market index for the year 2015.