In June 2023, the UBS Group completed the legal close of the acquisition of Credit Suisse AG, a pivotal moment in UBS’s history and an opportunity to create an even stronger Investment Bank.

One of the key next stages of our integration journey will be the merger of Credit Suisse AG with UBS AG, also known as the Parent Bank Merger (“PBM”). Upon completion of the PBM, Credit Suisse AG’s business will transfer to UBS AG, and Credit Suisse AG will cease to exist. The completion of the legal merger is subject to regulatory approvals and is currently expected to happen in 2024. At this time however, the two entities will not operationally merge and there will be a transitionary period during which we will continue to have two sets of operational infrastructure and processes.


This section seeks to answer frequently asked questions ("FAQs") relating to the legal merger of UBS AG and Credit Suisse AG (“legal merger”) or (“merger”) and is intended for clients and counterparties of UBS AG and Credit Suisse AG. If you have questions that are not covered as part of these FAQs, please contact your sales representative or email ib-ncl-pbm@ubs.com.

This material is prepared in connection with our activity with our professional clients and eligible counterparties only and is subject to the terms of the disclaimer set out at the bottom of this page. The information is not applicable to retail clients as it is prepared exclusively for our professional clients and eligible counterparties.  This material is provided for informational purposes only, represents UBS's current view and understanding of the regulatory text available at the date of publication and UBS makes no representations or warranties, express or implied, as to its accuracy, adequacy or completeness and accepts no liability for its use or for direct or consequential losses arising from its use. The information below is not intended to be a complete statement or summary of the matters covered herein and is subject to change and UBS accepts no obligation to update you regarding such changes. In particular, you should note that the information below is subject to on-going regulatory developments. This information does not constitute legal, tax, regulatory, investment or accounting advice and you should consult with your own independent professional advisors with respect to its application to your specific circumstances

Section A  Introduction

Section B: About UBS AG

Section C: How will the legal merger impact our business relationship?

Section D: Will the legal merger impact my operational processes?

Part 1: FAQs for Credit Suisse AG Clients

Part 2: FAQs for Clients Onboarded with Credit Suisse AG and UBS AG

Contact Us

If you have any queries relating to the Parent Bank Merger, that are not answered by our FAQs, please reach out to either your usual coverage person or email us at ib-ncl-pbm@ubs.com.