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UBS Names New CFO following Credit Suisse takeover

UBS Names New CFO following Credit Suisse takeover

(11 May 2023 – Switzerland) Union Bank of Switzerland (UBS) Group will replace its Chief Financial Officer (CFO) as part of a broader overhaul of its top management team following the takeover of Credit Suisse Group.

The bank appointed Todd Tuckner as CFO, replacing Sarah Youngwood. Before he was appointed Group CFO, Tuckner held various leadership roles across finance in the United States (US) and Switzerland. Currently, he serves as CFO and Head of Business Performance and Risk Management for Global Wealth Management.

Credit Suisse Chief Executive Officer (CEO), Ulrich Körner, will join the UBS Group Executive Board upon the transaction close.

“The integration of the businesses and legal entities will take time however adding Credit Suisse to UBS’s highly capital-accretive business model, diversified revenue streams, disciplined risk management and balance sheet for all seasons is targeted to benefit clients, employees, investors and the wider financial system” said UBS Group CEO, Sergio P Ermotti.

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