UBS to Overhaul Board After Credit Suisse Deal
- Koerner joins UBS management to oversee Credit Suisse units
- A veteran Swiss banker, he has worked decades at the two firms
UBS Group AG appointed Ulrich Koerner to its top management body, giving the chief executive officer of Credit Suisse Group AG a key role in overseeing the complex combination of the two firms.
Koerner, a veteran of both lenders who unsuccessfully tried to stabilize Credit Suisse over the past nine months, will oversee the latter’s operating businesses as UBS plans to integrate them over time, according to a statement on Tuesday.