UBS Has Held Talks With Former CFO Naratil About Possible Return

  • Naratil left UBS October last year after nearly four decades
  • CEO Sergio Ermotti said to reach out to former executives
Tom NaratilPhotographer: Kelly Sullivan/Getty Images
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Ex-UBS Group AG veteran Tom Naratil has held talks about returning to the bank as part of a broader outreach by chief executive officer Sergio Ermotti, people with knowledge of the matter said.

Ermotti has reached out to a select number of high profile former UBS bankers to gauge their interest in rejoining, the people said, asking not to be identified as the matter is private. It’s unclear what role may be under discussion for Naratil, who left the bank just six months ago. In almost four decades at the firm he held a number of senior positions, including chief financial officer and co-head of wealth management.