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UBS taps Gail Kelly to board, propelling Credit Suisse takeover.

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TLDR:

– UBS has nominated Gail Kelly, a former chief executive of Westpac Bank, to its board to help with the integration of Credit Suisse
– Kelly’s experience overseeing bank mergers makes her a valuable addition to the board

UBS has nominated Gail Kelly, a former chief executive of Westpac Bank, to its board as the Swiss lender continues to integrate with Credit Suisse. Kelly, who has experience overseeing bank mergers, will replace Dieter Wemmer on the board. Wemmer has spent eight years on UBS’s board.

This move by UBS to nominate Gail Kelly to its board signals the importance of successfully integrating with Credit Suisse. Kelly’s experience overseeing bank mergers makes her a valuable addition to the board, as UBS continues its efforts to push through the integration process.

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