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“Diversifying away from America is impossible,” UBS Group AG Chief Executive Officer Sergio Ermotti tells Bloomberg's Jonathan Ferro at the World Economic Forum in Davos, Switzerland. The board of directors of UBS Group AG is considering potential external candidates to take over the chief executive role next year alongside a roster of internal names, according to current boss Sergio Ermotti. “My job is to prepare and to present to the board as many candidates possible internally and the role of the board is to also evaluate external candidates and find the best solution for the future,” Ermotti said in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland. Sergio Ermotti The Swiss lender is currently in the process of identifying its post-Ermotti leadership, who has guided that he will step down at the end of 2026 or early 2027. Possible names include Aleksandar Ivanovic, who leads the Swiss firm’s asset management unit, wealth management co-heads Iqbal Khan and Robert Karofsky, and Chief Operating Officer Beatriz Martin. Read more: Ermotti Says UBS Is Assembling List of Potential Successors Chairman Colm Kelleher has floated the idea of Ermotti taking over from him at some point, though this would require a cooling-off period. Asked if he might be interested in the role of chairman, Ermotti said that right now he was very focused on finishing his job, without commenting further. Ermotti returned for a second stint in charge of UBS in 2023, to lead the firm through the integration of its former rival Credit Suisse. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: / bloombergradio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: / bloombergpodcasts Bloomberg Television: / @markets Bloomberg Originals: / bloomberg Quicktake: / @bloombergquicktake