Sergio Ermotti is one of the most popular and richest Banker who was born on May 11, 1960 in Lugano, Ticino, Switzerland.
Sergio Pietro Ermotti (born 11 May 1960) is a Swiss investment banker and former stock trader. He has been the chief executive officer (CEO) of UBS Group AG since November 2011. Ermotti is slated to succeed Walter Kielholz as the incoming chairman of Swiss Re, Switzerland’s largest reinsurance company, in 2021. He previously served as the deputy chief executive for Italian bank UniCredit, from 2007 to 2010.
After his apprenticeship as a stockbroker at the Cornèr Bank, Ermotti was later promoted to trading. In 1985, Ermotti moved to Citibank in Zurich where he traded equity-linked products and later served as its Resident Vice President. In 1987, he went on to the Swiss office of the US investment bank Merrill Lynch in Zurich, and stayed with the bank for 16 years. He started with holding various positions in equity derivatives and capital markets, and contributed to the expansion of the capital market business of the bank in french-speaking parts of Switzerland. In 1993, he was promoted to the position of Managing Director and moved to London being in charge for the European equity derivatives unit. Three years later, in 1996, Ermotti relocated to New York, as a head of global derivatives trading. He was eventually promoted to co-head of global equity markets and a member of the executive management committee for global markets & investment banking at Merrill Lynch, where he worked from 2001 to 2003.
Sergio Pietro Ermotti was born on 11 May 1960 in Lugano, Switzerland, an Italian-speaking city. He left school at age 15 to pursue aspirations of being a footballer and skier. Before turning 18 and enrolling in college to fulfill theses aspirations, Ermotti decided to fill his time with an apprenticeship at the Cornèr Bank in Lugano to “get up to speed with accounting, finance, and so on”. At his apprenticeship, he learned to sell and trade stocks. Although Ermotti did not attend university, he received a Swiss federal banking expert diploma and subsequently attended the Advanced Management Program at Oxford University.
