UBS integration with Credit Suisse ‘bang on target’ in test run: IT chief

UBS’s integration of former rival Credit Suisse’s clients and data with its own platforms is “bang on target” after a successful test run, its tech chief told Reuters.

UBS CEO Sergio Ermotti has previously flagged that IT integration is one of the biggest risks facing UBS as it embarks on the second, trickier phase of merging with its fallen rival, after acquiring it in an emergency rescue deal last year.