UBS Group AG Chairman Colm Kelleher said that the task of integrating Credit Suisse Group AG is bigger than any deal that was executed during the height of the financial crisis in 2008, underlining the magnitude of the task facing Sergio Ermotti.
Kelleher, tapping Ermotti to lead the bank through the acquisition as Ralph Hamers steps down, said he couldn’t stress enough the enormity of the work ahead for UBS to take over its biggest rival.
Source : UBS’s Kelleher Claims Credit Suisse Integration More Complex Than 2008 Crisis Deals