UBS bank CEO Sergio Ermotti has selected one of the lender’s former executives, Tom Naratil, to be a key member of the new management team, according to a report published Sunday by the Neue Zürcher Zeitung (NZZ). Naratil will become the group’s Chief Financial Officer and lead the integration division that will oversee the Credit Suisse merger, the newspaper said, citing people it didn’t identify. + Why UBS chose Ermotti as CEO again Bloomberg had earlier reported on the American’s possible return after leaving the bank late last year. In almost four decades at the firm, Naratil held a number of senior positions including CFO and co-head of wealth management. UBS expects the takeover to close in May, but Chair Colm Kelleher previously said the integration may take as long as four years due to the challenges inherent in the deal’s complexity. The newspaper said Ermotti is relying on other UBS veterans including wealth boss Iqbal Khan, UBS Switzerland President Sabine...
