Sergio Ermotti Net Worth 2024: Age, Wife, and Biography

Sergio Ermotti

Sergio Ermotti Net Worth 2024, Age, Wife, Wiki, Biography: Sergio Ermotti is a former investment banker and Swiss executive. He became the Chairman of Swiss Re in April 2021, succeeding Walter Kielholz. Before that, from November 2011 to October 2020, he served as the CEO of UBS Group AG. Before his time at UBS, Ermotti held positions at UniCredit Group, including Head of the Markets & Investment Banking Division in December 2005 and Group Deputy CEO responsible for Corporate and Investment Banking and Private Banking from 2007 to 2010.

Before his positions at UniCredit Group and UBS, Sergio Ermotti worked at Merrill Lynch & Co. from 1987 to 2003. During this time, he held different roles and became a member of the Executive Management Committee for Global Markets & Investment Banking in 2001.

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Sergio Ermotti Net Worth 2024, Wiki, Biography, Age, Wife
Name Sergio Ermotti
Profession
Investment Banker, Bank manager
Date of Birth 11 May 1960
Birth Place Lugano, Switzerland
Age (as of 2024) 64 Year Old
Nationality Swiss
Net Worth
$5 Million
Marital Status Married
Wife Name Tina Ermotti
Father’s Name Not Known
Mother’s Name Not Known
Height (Approx) In Centimeters- 167 cm
In Meters- 1.67 m
In Feet Inches- 5 ft 6 in
Weight (Approx) In Kilograms- 70 kg
In Pounds- 154 lbs
Eyes Color Black
Hair Color Grey

Introduction

Sergio Ermotti was the Group CEO of UBS in Switzerland. He stepped down in October 2020 after leading the company for nine years. Ralph Hamers took over as the new CEO. UBS reported strong profits on October 20, 2020, under Ermotti’s leadership, with success in the investment bank and unexpected inflows from wealthy clients. Ermotti, one of Europe’s longest-serving bank CEOs, shifted the focus from the investment bank to retail banking during his tenure.

Sergio Ermotti Net Worth 2023

Sergio Ermotti’s Net Worth is estimated to be more than $5 million as of 2024.

Sergio Ermotti Net Worth

Sergio Ermotti Age, Early Life, Education

Sergio Ermotti was born on May 11, 1960, in Lugano, Switzerland. As of 2024, he is 64 years old. After high school, Ermotti initially aspired to be a professional player or sports instructor. Instead of immediately going to college, he worked as an apprentice at Cornèr Bank in Lugano to gain knowledge in accounting and finance.

Fascinated by foreign currency trading, he joined a training program at the bank’s Securities Department. Ermotti earned a Swiss federal banking expert qualification. Later in his career, he graduated from Oxford University’s Advanced Management Program.

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Career

After finishing his apprenticeship at Cornèr Bank, Ermotti was promoted to trade. In 1986, he joined Citibank in Zurich, starting by selling equity-linked products and later becoming a Resident Vice President. In 1987, Ermotti moved to the Swiss branch of Merrill Lynch in Zurich, where he spent 16 years.

At Merrill Lynch, he held several positions in equities derivatives and capital markets. Ermotti played a significant role in the growth of the bank’s capital market operations in Switzerland.

In December 2005, Ermotti joined the Italian bank UniCredit in Milan as the head of markets and investment banking. This came after UniCredit’s acquisition of the German bank HypoVereinsbank (HVB). From 2007, he served as UniCredit’s Deputy CEO, overseeing strategic business, corporate and investment banking, and private banking.

Ermotti resigned as the president of Darwin Airline in 2011 due to his new responsibilities as CEO. Between September 2008 and July 2013, he served on the board of the London Stock Exchange.

In February 2020, UBS announced that Ralph Hamers, CEO of ING Group, would succeed Sergio Ermotti on November 1, 2020. However, due to UBS acquiring Credit Suisse, Ermotti was re-appointed to lead the UBS Group, taking over from Hamers on April 5, 2023.

Sergio Ermotti Wife

Sergio Ermotti is married to Tina Ermotti. The names of their two children are not publicly known.

Height And Weight

Sergio Ermotti has a height of approximately 5 feet 6 inches (around 167 cm) and a body weight of about 70 kilograms.

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Some Facts About Sergio Ermotti

  • Sergio Ermotti was born on May 11, 1960, in Lugano, Switzerland. As of 2024, he is 64 years old.
  • After high school, Ermotti initially aspired to be a professional player or sports instructor. Instead of immediately going to college, he worked as an apprentice at Cornèr Bank in Lugano.
  • Fascinated by foreign currency trading, Ermotti joined a training program at Cornèr Bank’s Securities Department. He later joined Citibank in Zurich in 1986 and moved to Merrill Lynch in 1987, where he spent 16 years holding various positions in equities derivatives and capital markets.
  • Ermotti became the Group CEO of UBS in Switzerland in September 2011. He left UBS in October 2020 but returned in April 2023 after the acquisition of Credit Suisse.

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