Creating sustainable value

Read more about our integration of Credit Suisse and what it means for you.

As of 12 June 2023, we have formally acquired Credit Suisse, less than three months after discussions about combining the two banks were started by the Swiss Federal Department of Finance, Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank. The transaction marks an exciting and challenging new chapter in our history, which has seen more than 370 financial institutions combine to form what UBS is today, as well as for Switzerland and the global financial industry.

As we move swiftly to integrate Credit Suisse, we’re focused on creating a smooth and transparent transition for all involved. This web page is your go-to source for all the latest information related to the integration. We’ll be updating this page regularly to help you stay informed about the integration and what it means for you.

Insights from the leadership team

Colm Kelleher, Chairman of the Board of Directors, and Sergio P. Ermotti, Group CEO, talk about what the combination means for the future of UBS.

We are now one Swiss global firm and, together, we are stronger. As we start to operate the consolidated banking group, our top priority remains the same: to serve our clients with excellence.

Colm Kelleher, Chairman of the Board of Directors

Credit Suisse and UBS unite as we embark on the next chapter of our joint journey. Together, we’ll create a bank that our clients, employees, investors and Switzerland can be proud of.

Sergio P. Ermotti, Group CEO

Board of Directors

The Board of Directors decides on strategy and exercises oversight over UBS Group AG, its subsidiaries and its management.

Group Executive Board

The Group Executive Board has executive management responsibility for the steering of the Group and its business and implements the strategies approved by the Board of Directors.

Corporate governance

Get to know how we are organized and our principles for good governance.

Risk management

Our risk governance framework operates along three lines of defense: business management, control functions and Group Internal Audit.

Setting our trajectory for years to come

A balance sheet for all seasons

We are committed to maintaining a balance sheet for all seasons.

  • We aim to realize an underlying return on CET1 capital of around 15% as we exit 2026. By the end of 2028, we endeavor to achieve a return on CET1 capital of around 18%
  • We intend to distribute excess capital to shareholders, in the form of a progressive dividend and share buybacks
  • We reduced the overall weighting of the Investment Bank to no more than 25% of group risk-weighted assets
  • We are focused on maintaining UBS’s conservative risk culture throughout the integration

Accelerating our strategy

The integration provides an opportunity to boost our existing strategy and brings enhanced growth prospects.

  • We are the only truly global player among leading wealth managers with strategic scale and complementary capabilities in the most attractive growth markets
  • The new group has around USD 5 trillion of invested assets and has become the No. 2 wealth manager in the world overnight
  • The transaction helps unlock earnings growth potential, allowing for reinvestment in our business over the long term to deliver best-in-class client services and advisory capabilities

Together, better for clients

The integration will be executed with one overarching principle: clients first.

  • An enhanced, combined offering will help clients achieve their financial goals, thanks to additional value, scale, services and global reach
  • Our increased scale will be a significant advantage to our clients as it increases reach and access, enabling us to work with the best and most successful hedge fund and alternative asset managers
  • Clients across a broader set of geographies will benefit from our highly complementary product offering



Merger of UBS AG & Credit Suisse AG

On 31 May 2024, UBS AG and Credit Suisse AG have merged, whereby UBS AG is the surviving entity and Credit Suisse AG has ceased to exist. As a result of the merger, all assets, liabilities and contracts of Credit Suisse AG have transferred to UBS AG. We intend to consolidate the operational processes of the two entities over time. Therefore, there will be a transitional period during which there will be two sets of operational infrastructure. Our commitment to delivering first-class services to clients during this transition period remains unchanged.

Fraud Alert

Please be aware that the integration of Credit Suisse and UBS creates a unique opportunity for fraudsters to contact our clients purporting to be from our organization or selling fake investment schemes from our entities. This could be a means to get information from our clients or to trick clients into sending money to a new account. Please be vigilant if you are contacted by an unknown party. UBS and Credit Suisse entities will never contact you by email or telephone with new bank account details. Before transferring money or sharing personal details, please contact UBS (or relevant bank) by telephone. If you are already a client, please contact your UBS or Credit Suisse advisor or contact UBS.

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