BoD of UBS and Credit score Suisse approve execution of merger of UBS AG and Credit score Suisse AG

Following the merger of the holding corporations UBS Group AG and CS Group AG on 12 June 2023, the Board of Administrators of UBS Group AG has permitted the execution of a merger of UBS AG and Credit score Suisse AG.

Following approvals from their respective Boards, each entities have entered right into a definitive merger settlement. The completion of the merger is topic to regulatory approvals and is predicted to occur in 2024.

Individually, UBS continues to organize for the deliberate merger of UBS Switzerland AG and Credit score Suisse (Schweiz) AG additionally in 2024.

UBS introduced its plans to accumulate Credit score Suisse in March 2023. The mixture creates a enterprise with greater than USD 5 trillion in complete invested belongings and sustainable worth alternatives. It’s going to additional strengthen UBS’s place because the main Swiss-based international wealth supervisor with greater than USD 3.4 trillion in invested belongings on a mixed foundation, working in probably the most engaging progress markets.