Age, Biography and Wiki

Sergio Ermotti (Sergio Pietro Ermotti) was born on 11 May, 1960 in Lugano, Switzerland, is a Swiss banker. Discover Sergio Ermotti's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 63 years old?

Popular As Sergio Pietro Ermotti
Occupation CEO
Age 63 years old
Zodiac Sign Taurus
Born 11 May, 1960
Birthday 11 May
Birthplace Lugano, Switzerland
Nationality Switzerland

We recommend you to check the complete list of Famous People born on 11 May. He is a member of famous CEO with the age 63 years old group.

Sergio Ermotti Height, Weight & Measurements

At 63 years old, Sergio Ermotti height not available right now. We will update Sergio Ermotti's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Sergio Ermotti's Wife?

His wife is Tina Ermotti

Family
Parents Not Available
Wife Tina Ermotti
Sibling Not Available
Children 2

Sergio Ermotti Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Sergio Ermotti worth at the age of 63 years old? Sergio Ermotti’s income source is mostly from being a successful CEO. He is from Switzerland. We have estimated Sergio Ermotti's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income CEO

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Timeline

1960

Sergio Pietro Ermotti (born 11 May 1960) is a Swiss manager and investment banker.

In April 2021, Ermotti was elected Chairman of Swiss Re, one of the world's largest reinsurance companies, succeeding Walter Kielholz.

Sergio Pietro Ermotti was born on 11 May 1960 in Lugano, Switzerland, an Italian-speaking city.

After secondary school he pursued aspirations of being a professional footballer or sports teacher.

Before turning 18 and enrolling in college to fulfill these aspirations, Ermotti decided to fill his time with an apprenticeship at the Cornèr Bank in Lugano to "get up to speed with accounting, finance, and so on".

Fascinated by foreign exchange trading, he started a training program in the Securities Department of the bank.

He received a Swiss federal banking expert diploma and, later in his banking career, graduated from the Advanced Management Program at Oxford University.

After his apprenticeship at the Cornèr Bank, Ermotti was later promoted to trading.

1986

In 1986, Ermotti moved to Citibank in Zurich where he traded equity-linked products and later served as its Resident Vice President.

1987

In 1987, he went on to the Swiss office of the US investment bank Merrill Lynch in Zurich, and stayed with the bank for 16 years.

He started with holding various positions in equity derivatives and capital markets, and contributed to the expansion of the capital market business of the bank in Switzerland.

1993

In 1993, he was promoted to the position of managing director and moved to London being in charge of the European equity derivatives unit.

1996

Three years later, in 1996, Ermotti relocated to New York, as a head of global derivatives trading where he also worked after his promotion to co-head of global equity markets and a member of the executive management committee for global markets & investment banking at Merrill Lynch.

2005

He joined the Italian bank UniCredit in Milan in December 2005 as head of markets & investment banking after UniCredit had taken over German bank, HypoVereinsbank (HVB).

2007

From 2007, he was UniCredit's deputy chief executive officer with responsibility for the strategic business area, corporate and investment banking and private banking.

2008

Ermotti was a member of the board at the London Stock Exchange between September 2008 and July 2013.

2010

When he was not offered the CEO position after the resignation of the then CEO Alessandro Profumo, he left Unicredit in October 2010.

2011

He was the Group Chief Executive Officer (CEO) of UBS Group AG from November 2011 to October 2020 and regained that position in 2023.

He is also a board member of the Institute of International Finance.

Ermotti took over as Group CEO at UBS after the 2011 rogue trader scandal, implementing strict corporate policies governing community standards.

He initiated a major restructuring of the bank, redefining strategy, putting wealth management and Swiss business at its centre, alongside asset management and a more focused and capital-light investment banking.

Leading the firm for nearly a decade, he was the longest serving head of UBS.

Ermotti was appointed chairman and chief executive of UBS's Europe, Middle East, and Africa (EMEA) group, and became a member of the Group Executive Board in April 2011.

He was appointed interim Group CEO in September 2011, and permanently in November 2011.

In response to the 2011 UBS rogue trader scandal, Ermotti sent an internal memo stating: "I want to make clear that no one's personal interest nor any amount of revenue is worth more than the bank's reputation".

Because of his new responsibility as CEO, he resigned from his position as a president of Darwin Airline in 2011.

2012

In 2012, he tapped a colleague from Merrill Lynch, Andrea Orcel, to lead UBS's investment banking arm, eventually assisting him in navigating the 2013 Libor trading scandal, a major corporate restructuring, and a major expansion of mergers and acquisitions (M&A) activity.

2014

When UBS AG was converted into a holding company in 2014, Ermotti was elected Group CEO of UBS Group AG.

2015

In 2015, the Swiss newspaper Schweiz am Sonntag named him as the most successful manager of a company listed on the Swiss Market Index.

2017

His salary in fiscal year 2017 was estimated to be US$14.9 million.

2020

In February 2020, UBS announced that Ralph Hamers, CEO of ING Group, would be succeeding Ermotti as Group CEO on 1 November 2020.

Following the acquisition of Credit Suisse by UBS, Ermotti was appointed to lead the UBS Group again, replacing Hamers on 5 April 2023.

It has been speculated that he might transition into Swiss politics after his career in banking.

He ruled out entering select political races for the Bundesrat stating that he was "not a politician".

In addition to English, Ermotti speaks Italian, German, and French fluently.

In February 2020 UBS announced that Ralph Hamers CEO of ING Group would be succeeding Sergio Ermotti as CEO on 1 November 2020.

Following the acquisition of Credit Suisse by UBS, Ermotti was appointed to lead the UBS Group again, replacing Hamers on 5 April 2023.

In March 2020, Swiss Re, one of the world's largest reinsurance companies, nominated Sergio P. Ermotti for election to Swiss Re's board of directors and announced its intention to onboard him as its next chairman, succeeding Walter Kielholz in 2021.

Sergio Ermotti is a board member (lead non-executive director) of Ermenegildo Zegna N.V. He is also a board member of Innosuisse – Swiss Innovation Agency.

Ermotti is married with two children.