UBS succeeds its merger of UBS Switzerland and Credit Suisse. Source: Shutterstock

The merger of Credit Suisse (Schweiz) and UBS Switzerland has been concluded by UBS.

Credit Suisse (Schweiz) no longer exists as a distinct entity and has been dissolved from the Commercial Register of the Canton of Zurich. Moreover, it has transferred all of its rights and responsibilities to UBS Switzerland.

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The combined effort of the Swiss companies makes it easier to move activities and clients from Credit Suisse (Schweiz) to the UBS platform while adhering to client, business, and product specific specifications.

Following the merger, clients of Credit Suisse (Schweiz) become clients of UBS Switzerland; however, throughout the transitional time, they will continue to contact with UBS through the Credit Suisse platforms and tools, unless otherwise specified.

Sabine Keller-Busse, President UBS Switzerland, stated: “The completion of the Swiss entities’ merger 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 clients will be able to access the capabilities and support of the combined firm. We will continue to focus on providing our clients with comprehensive services to achieve their financial goals and acting as a strong pillar of economic support in Switzerland.”

André Helfenstein, CEO of Credit Suisse (Schweiz), has decided to depart the bank after the merger.

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Sabine Keller-Busse added: “Since the acquisition of Credit Suisse by UBS, André has made a substantial contribution to the stabilisation of Credit Suisse’s business and has been committed to our clients and our employees throughout. We thank him for his commitment and dedication and wish him all the best and success in his next steps.”