UBS Completes Merger of Swiss Subsidiaries, Facilitating Client Migration and Integration
Monday, Jul 1, 2024 5:36 am ET
1min read UBS Switzerland AG has completed the merger with Credit Suisse (Schweiz) AG, effectively consolidating the Swiss entities. Following this, Credit Suisse will cease to exist, and UBS Switzerland AG will inherit its rights and obligations. The merger facilitates the transfer of clients and operations to the UBS platform, with an interim period of using Credit Suisse tools. André Helfenstein, CEO of Credit Suisse, will leave the bank post-merger. UBS emphasizes the ongoing commitment to providing clients with financial services and acting as a strong economic support in Switzerland.
