Sergio Ermotti has been named CEO of UBS following the acquisition of Credit Suisse. Ermotti is set to take over from current CEO Ralph Hamers, who will stay with the bank to advise during the transition period. Ermotti is a successful banker who has previously managed the bank's turnaround following the global financial crisis. There are questions about UBS' future following the acquisition of Credit Suisse, with concerns about the bank's increased concentration and direction.

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