UBS Shakes Up Top Team During Credit Suisse Merge

UBS, a big Swiss bank, just said goodbye to Mike Dargan, their top operations and tech boss. He'll leave at the end of 2025. This news comes while UBS is still busy merging with Credit Suisse, a huge and tricky job. Dargan has been with UBS since 2021. He helped a lot with tech and operations. UBS said he's leaving for a new job outside the bank. Starting in 2026, Beatriz Martin, the new chief operating officer, will take over his tech team. Right now, Chris Gelvin is filling in as the interim tech boss. He's been the COO for Group Technology. UBS's CEO, Sergio P. Ermotti, thanked Dargan for his work. He said Dargan helped make UBS's tech better and pushed for more digital and AI use.UBS bought Credit Suisse in 2023. It was a big deal with lots of tech and operations to merge. They're still working on it, but some things are taking longer than expected. For example, moving some rich Credit Suisse clients to UBS's platforms got delayed. This shows how hard it is to merge two big banks. Dargan's next job is CEO of N26, a German digital bank. He starts in April 2026, but he needs approval first. N26 has had some problems with regulators lately, so this move is interesting. UBS is now focusing on finishing the merge and keeping everything running smoothly. They need to keep clients, investors, and regulators happy. It's a big task, but UBS seems ready to take it on.