Why did UBS choose Ralph Hamers for CEO?

Taking the top job at UBS is a great move for ING chief Ralph Hamers, but it’s less obvious for UBS.

Swiss bank UBS president Axel Weber and new CEO Ralph Hamers

Ralph Hamers, like many people at the top of ING, is a fantastic salesman. As chief executive, he’s been exceptionally good at talking up the Dutch bank’s digital advance – most of all on the retail side. Hamers started out in ING’s structured finance division but he’s spent most of his career managing the bank’s various country-level operations, which have mainly focused on retail banking.

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