[1] In April 2021, Ermotti was elected chairman of Swiss Re, one of the world's largest reinsurance companies, succeeding Walter Kielholz.

He was the chief executive officer (CEO) of UBS Group AG from November 2011 to October 2020 and regained that position in 2023.

[3] Ermotti took over as Group CEO at UBS after the 2011 rogue trader scandal, implementing strict corporate policies governing community standards.

Before turning 18 and enrolling in college to fulfill these aspirations, Ermotti decided to fill his time with an apprenticeship at the Cornèr Bank in Lugano, where his father was employed, to "get up to speed with accounting, finance, and so on.

[9] In 1986, Ermotti moved to Citibank in Zurich where he traded equity-linked products and later served as its Resident Vice President.

[13] In 1993, he was promoted to the position of managing director and moved to London to lead the European equity derivatives unit.

[23] In response to the 2011 UBS rogue trader scandal, Ermotti sent an internal memo stating: "I want to make clear that no one's personal interest nor any amount of revenue is worth more than the bank's reputation.

In 2012, he tapped a colleague from Merrill Lynch, Andrea Orcel, to lead UBS' investment banking arm, eventually assisting him in navigating the 2013 Libor trading scandal, a major corporate restructuring and a major expansion of mergers and acquisitions (M&A) activity.

[34][10] His favorite movies are George Roy Hill's The Sting and Ken Kesey's One Flew Over the Cuckoo's Nest.