UBS Group AG CEO Sergio Ermotti confirmed the bank is actively compiling a list of candidates to succeed him. He reiterated his expectation to step down within roughly a year. This move initiates the formal process for leadership transition at the world's largest wealth manager.

The succession planning comes as UBS integrates its emergency merger with fallen rival Credit Suisse. Ermotti, who returned in 2022 to stabilize the combined entity, has long signaled his tenure would be transitional. Finding his replacement is critical for maintaining strategic direction after the complex merger.

Investors will watch closely for internal versus external candidates. The board's choice will signal whether UBS prioritizes continuity or fresh leadership. A decision is expected in the coming months as the integration of Credit Suisse continues to shape the bank's future trajectory.