Sergio Pietro Ermotti (born 11 May 1960) is a Swiss manager and former investment banker. In April 2021, Ermotti was elected Chairman of Swiss Re, one of the world's largest reinsurance companies, succeeding Walter Kielholz. He was the Group Chief Executive Officer (CEO) of UBS Group AG from November 2011 to October 2020. Prior to this, he was at UniCredit Group, serving as Head of the Markets & Investment Banking Division as of December 2005 and, from 2007 to 2010, as Group Deputy Chief Executive Officer responsible for Corporate and Investment Banking and Private Banking. Previously, from 1987 until 2003, he was with Merrill Lynch & Co. in several roles including Member of the Executive Management Committee for Global Markets & Investment Banking since 2001. 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. In February 2020, UBS announced that Ralph Hamers, CEO of ING Group, would be succeeding Sergio Ermotti as Group CEO on 1 November. 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. From Wikipedia
