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Stay updated on the integration of Credit Suisse.

The merger of Credit Suisse (Switzerland) Ltd. with UBS Switzerland AG could happen as early as of 1 July 2024, subject to all outstanding official approvals. Until the legal close of the integration, there will only be minor changes in the day-to-day business, as both banks will continue to operate separately. We will keep you informed about the next steps of the integration on an ongoing and transparent basis.

Sabine Keller-Busse, President UBS Switzerland

Legal merger of UBS AG and Credit Suisse AG

31 May 2024 – The legal merger at Group level between UBS AG and Credit Suisse AG was completed today.

Communication on the decision to integrate Credit Suisse

31 August 2023

On 31 August 2023, we announced the future direction for Credit Suisse’s Swiss business and that we will integrate it into UBS. We believe it is important to present our thoughts on the matter.

As promised, we took the necessary amount of time to decide on the future organization of the Swiss business of Credit Suisse, which we took over in an extraordinary emergency situation. This was to ensure we took the appropriate amount of care and that we based our decision on facts.

Our evaluations have clearly shown that only by integrating the Credit Suisse (Schweiz) AG into UBS can we enable a smooth transition as well as a successful future and generate long-term added value for clients, shareholders and employees.

The combined strengths of a united bank allows us to broaden our services for the benefit of our clients, to promote innovation and offer access to global expertise – enabled by our standing as the leading universal bank in Switzerland as well as excellent positioning in our global Wealth Management and Asset Management businesses and a capital-efficient Investment Bank.

Moreover, the integration enables us to create the stability that the Swiss financial center needs in order to remain successful as part of the global financial system. In this context we also examined the question of size in our domestic market. While we will lead in certain areas as a unified bank, we will not hold a dominant position, thanks to a healthy amount of competition that has developed in recent decades resulting in around 250 banks operating in Switzerland.

Our promise

We focus on our clients – private individuals, entrepreneurs, corporate and institutional clients – and support them in reaching their goals. We act with respect for Switzerland and its people. We rely on our strong UBS corporate culture, our proven risk approach and our high quality of service – and it is here that we will make no compromises. We are aware of our responsibilities and take our role seriously as a reliable partner of Switzerland as a financial and business center. This, for example, also includes our aim to continue the credit lines for corporates who are clients of both banks.

Clients will continue to receive the service they are accustomed to

Generally, there will be no immediate changes to their client relationship, and clients do not need to take any action. They will be able to use all services as before and transact new banking business at any time. There will be no fundamental changes to the relationship with contact partners or client advisors. We will require some time in order to carry out the integration with the utmost care. Should any adjustments be necessary, we will contact the clients affected.

Sabine Keller-Busse, President UBS Switzerland AG

Sabine Keller-Busse

President UBS Switzerland AG

Our promise to you: offering you an excellent customer experience will remain our focus.

A bank like Switzerland

Cautious, conservative and rational. We act responsibly, as a bank for the whole of Switzerland. We are true to our word. Both now and in the future. For our clients, for society and for Switzerland as a financial and business center.

Your questions, our answers

The questions and answers are updated and expanded on a regular basis.

We are proceeding with the integration of Credit Suisse (Schweiz) AG with the requisite due diligence and care. We will keep you informed with transparent updates on this website.

If there are any matters of interest to you that are not covered in the following FAQs, please contact your client advisor or use the links at the bottom of this page.

Questions and answers regarding your client relationship

Questions and answers regarding the integration of Credit Suisse

Questions and answers regarding the branch network

Sabine Keller-Busse, President UBS Switzerland

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