Merger of Swiss units of UBS and Credit Suisse could happen by July
The head of UBS Switzerland said on Tuesday that the operational merger could happen as early as next month – somewhat sooner than planned.
The merger would initially mainly affect employees, who would then already be able to work together internally, Sabine Keller-Busse told the Neue Zürcher Zeitung newspaper on Tuesday.
“For Credit Suisse clients, only the legal counterpart will initially change. They will still be able to use their CS debit cards, mortgages or investment products as long as the IT systems are still running,” Keller-Busse told the paper.
+ One year on from Credit Suisse collapse, questions remain
For some complex clients such as large family offices or companies, the migration will already begin this year. The rest of the clients will then be migrated to the UBS systems by New Year’s Eve 2025. “Then it will be back to normal for our business,” Keller-Busse said.
The legal merger of UBS AG and Credit Suisse AG was finalised around a fortnight ago, on May 31.
Adapted from German by DeepL/dos
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.