By Adria Calatayud


Former Credit Suisse Chief Executive Ulrich Koerner, the bank's last boss before its takeover by once rival UBS Group, is leaving the Swiss banking giant.

UBS said Thursday that Koerner will step down from the group's executive board at the end of June after a merger of UBS and Credit Suisse's key legal entities, UBS AG and Credit Suisse AG, is completed. He will retire from UBS later this year, the bank said.


Write to Adria Calatayud at adria.calatayud@wsj.com


(END) Dow Jones Newswires

05-30-24 0113ET