Sergio Ermotti

“Life is hard enough, and I think this constant lecturing on ethics and on integrity by many stakeholders is probably the most frustrating part of the equation. Because I don’t think there are many people who are perfect,” Mr. Ermotti said in an interview at the World Economic Forum in Davos, Switzerland. “We are far from being perfect…but it’s not going to be very helpful to be constantly bashing banks.” […] Mr. Ermotti, a Swiss native who has spent his entire career in the banking industry, said he is growing frustrated with what he sees as some regulators, politicians, shareholders, clients, journalists and rival banks holding UBS to a higher standard than they hold themselves. “When I look around, I don’t think there are many banks that can come to us and say they are the example that should be followed,” he said. Speaking of a broader group of industry “stakeholders,” including regulators and politicians, Mr. Ermotti said: “None of them can be overly critical.” [WSJ]

  • 20 Jul 2011 at 5:44 PM

Who Wants To Be CEO Of UBS?

The bank isn’t hiring anyone at the moment and current CEO Oswald Gruebel has said he’s not leaving anytime soon but, naturally, they’d like to be prepared when the moment comes. Would you or someone you know be the right person for the job? Prerequisites for the gig include “the charisma to run a place like UBS” and being any nationality but German. Read more »