UPDATE 1-UBS overhauls board of domestic business after Credit Suisse takeover

UBS on Friday said it will overhaul the board of its domestic Swiss business following its takeover of Credit Suisse. The lender said Roger von Mentlen will become chairman of the boards of directors of UBS Switzerland and of Credit Suisse Switzerland. He will replace Markus Ronner, who was chairman of UBS Switzerland since 2022, and Peter Derendinger, who served as chairman of the board of directors of Credit Suisse (Schweiz) AG since March 2019.