UBS Group Chief Executive Sergio Ermotti is poised to become chairman of Swiss Re next year after leaving the helm of Switzerland's biggest bank, three people familiar with the matter told Reuters.
UBS last month named ING Chief Executive Ralph Hamers to succeed Ermotti as CEO of the world's largest wealth manager as of Nov. 1.
Ermotti, who has run UBS since 2011, has been coy about his future career path. When news of the Hamers appointment emerged, Ermotti declined comment on speculation that he would eventually replace UBS Chairman Axel Weber, who has said he intends to remain in