UBS chair hopes for ‘bloodless coup’ in push to appoint Swiss bank’s new CEO

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UBS Chairman Colm Kelleher has said he hopes the process of appointing a new CEO to succeed current chief Sergio Ermotti will be a “bloodless coup,” in a similar manner to the process that saw Ted Pick named as Morgan Stanley’s new chief last month.

Speaking at the Financial Times Global Banking Summit in London on Tuesday, Kelleher said he aims to draw up a shortlist of three potential candidates with a view to ensuring a peaceful transition from Ermotti, who was taken on as CEO in April following the UBS UBS CH:UBSG acquisition…

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