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Ermotti said he was looking forward to integrating UBS and Credit Suisse.
The Swiss lender said Ermotti was better suited to oversee the integration than his predecessor Ralph Hamers.
“We have to be also clear … this is an acquisition not a merger,” UBS CEO Sergio Ermotti told a financial conference on Friday, warning of “painful” decisions to come.
Source: https://cyprus-mail.com/2023/06/06/ubs-expects-to-seal-credit-suisse-takeover-as-early-as-june-12/