UBS announces today that it has completed the merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG.
Today, Credit Suisse (Schweiz) AG has been deleted from the Commercial Register of the Canton of Zurich and has ceased to exist as a separate entity. UBS Switzerland AG has fulfilled all the rights and obligations of Credit Suisse (Schweiz) AG.
The merger of the Swiss companies facilitates the transition of clients and operations from Credit Suisse (Schweiz) AG to the UBS platform, in line with business, client and product requirements. While clients of Credit Suisse (Schweiz) AG have become clients of UBS Switzerland AG following the merger, they will interact for an interim period with UBS using existing Credit Suisse platforms and tools, unless specifically disclosed.
Sabine Keller-Busse, President of UBS Switzerland, comments:
“The completion of the merger of the Swiss companies marks an important milestone in the integration of UBS and Credit Suisse. The migration of the majority of client transactions in Switzerland to the UBS platform will take place in 2025 and will be gradual, with tailored updates to our clients. As the integration progresses, our customers will have access to the capabilities and support of the combined company. We will continue to focus on providing comprehensive services to our clients to achieve their financial goals and act as a strong pillar of financial support in Switzerland.”
André Helfenstein, CEO of Credit Suisse (Schweiz) AG, has decided to leave the bank following the merger.
Sabine Keller-Busse comments: “Since the acquisition of Credit Suisse by UBS, André has been instrumental in stabilizing Credit Suisse’s operations and has been committed to our clients and employees throughout. We thank him for his commitment and dedication and wish him all the best and success in his next steps.”