Ralph Hamers has been appointed as group CEO and president of the executive board of UBS Group AG, effective November 2020.
In November, Hamers will succeed the current group CEO, Sergio Ermotti. The UBS board of directors thanked Ermotti for his “outstanding contribution to the firm over the past nine years”.
According to Axel Weber, board chairperson of UBS, Hamers is the right CEO to lead UBS into its next chapter.
Hamers will join from ING Group where he currently works as CEO. He joined ING in 1991 and progressed through a series of roles across business segments and geographies before becoming CEO in 2013.
Commenting on his appointment, Hamers said: “I’m honoured by the opportunity to lead this great institution. I have long admired the firm’s transformation under the leadership of Weber and Ermotti.”
He continued: “The firm has an outstanding global client franchise across its business divisions, all of which are underpinned by the incredibly strong UBS brand. I’m looking forward to working with the senior management team, the board of directors and all of UBS’s employees to further strengthen the franchise and serve UBS’s clients to achieve their goals.”
Ermotti added: “It has been a privilege to lead UBS. I’d like to thank all my colleagues, past and present, for their dedication to serving our clients and making UBS what it is today.”
