UBS Has Begun Search for a Successor to CEO Sergio Ermotti

The transcript discusses the ongoing theme of succession planning in European banks, focusing on UBS. Axel Vebber, UBS chairman, previously emphasized the importance of succession planning, which is now actively in progress. Jan Henrik Foster from Bloomberg provides insights into the challenges faced by European banks, such as low growth and technological changes. The discussion also covers recent succession events at HSBC and Credit Suisse, highlighting the complexities of leadership transitions. UBS's succession planning involves both internal and external candidates, with Sabina Calibuso as a potential successor.

What is the significance of Iqbal Khan's departure from Credit Suisse in relation to UBS's succession planning?

What are the potential candidates for succession at UBS mentioned in the text?