UBS Outlines New Operating Model, Leadership Team Ahead of Credit Suisse Acquisition

UBS Group on Tuesday outlined its new operating model and leadership team as it said that it anticipates its acquisition of Credit Suisse Group will close in the next few weeks.

The Swiss bank said Credit Suisse Chief Executive Ulrich Koerner will join UBS’s executive board once the transaction is closed, while Todd Tuckner will take on the role of group Chief Financial Officer.