Ermotti hands US$1.5 billion buyback baton to Hamers after UBS profit blowout
ZURICH: UBS doubled third quarter profit and set aside US$2.5 billion to return to shareholders next year, a lucrative passing of the baton from CEO Sergio Ermotti to Ralph Hamers, as the Swiss bank reaped the benefits of helping the world's ultra-rich navigate the COVID-19 crisis.
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