UBS appoints new CFO following Credit Suisse’s takeover

Todd Tuckner will take on the CFO post at the close of the acquisition.

Following Credit Suisse’s acquisition of UBS Group, Todd Tuckner will take the helm as the combined firm’s Chief Financial Officer.

Tuckner will replace Sarah Youngwood, who will leave the firm after the transaction closes.

Before he was appointed Group CFO, Tuckner held various leadership roles across finance in the US and Switzerland. Currently, he serves as CFO and Head of Business Performance and Risk Management for Global Wealth Management.

Meanwhile, the UBS Group also reported that Credit Suisse AG CEO, Ulrich Körner, will join the UBS Group Executive Board upon the transaction close.

“With his knowledge of both organizations, he will be responsible for ensuring Credit Suisse’s operational continuity and client focus, while supporting the integration process,” the investment banking company disclosed.

Upon transaction close, the combined firm will operate with five business divisions, seven functions and four regions, and in addition Credit Suisse AG.

“Each will be represented by a Group Executive Board member, all of whom will report to Group CEO Sergio P. Ermotti,” the company said.

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