Finance
UBS Completes Migration of Credit Suisse Clients in Switzerland
Published by Global Banking & Finance Review®
Posted on March 18, 2026
1 min readLast updated: March 18, 2026
Quick Summary
UBS has completed migrating approximately 1.2 million clients onto its platform, marking a key milestone in its integration of Credit Suisse in Switzerland. This enables UBS to decommission legacy systems and accelerate cost‑saving measures.
UBS Finalizes Integration with Credit Suisse, Migrates Swiss Clients
UBS Completes Client Migration and Advances Integration Process
Milestone Achieved in UBS-Credit Suisse Integration
ZURICH, March 18 (Reuters) - UBS said on Wednesday it had completed the migration of former Credit Suisse clients in Switzerland onto its platforms, another major milestone in the bank's integration of its former rival, which it acquired in 2023.
Global Client Transfer Details
UBS CEO Sergio Ermotti said that with the step, the bank had transferred around 1.2 million clients globally.
Future Steps and Strategic Impact
"There is still much work to be done to complete the integration, but the end of the client migration strengthens UBS' franchise and lays the groundwork for delivering an even broader and more seamless offering to all clients," he said.
Financial Implications and Platform Decommissioning
UBS CFO Todd Tuckner said on Wednesday the completion of the client migration would allow the bank to undertake the last stage of the integration, decommissioning the entire Credit Suisse platform, a step that would save it a lot of money.
(Writing by Dave Graham, Editing by Miranda Murray)
Key Takeaways
- •About 1.2 million clients globally—including around 950,000 in Switzerland—have now been migrated to UBS platforms, including a recent complex weekend transfer. (defenseworld.net)
- •With migration complete, UBS will decommission Credit Suisse’s legacy technology systems in Switzerland, enabling significant cost savings and operational streamlining. (defenseworld.net)
- •The integration has delivered over US $10 billion in gross cost savings by end‑2025, exceeding targets; with the final migrations done, UBS is positioned to achieve up to US $13 billion in cost reductions by end‑2026. (familywealthreport.com)
References
Frequently Asked Questions about UBS completes migration of Credit Suisse clients in Switzerland
1What milestone did UBS achieve regarding Credit Suisse clients?
UBS completed the migration of former Credit Suisse clients in Switzerland onto its platforms as part of their integration process.
2How many clients were affected by the UBS migration?
UBS transferred around 1.2 million clients globally from Credit Suisse.
3What benefits does UBS expect from the completion of the client migration?
UBS expects a broader, more seamless client offering and significant cost savings by decommissioning the entire Credit Suisse platform.
4What is the next step for UBS in the Credit Suisse integration?
The next step is decommissioning the entire Credit Suisse platform, marking the last stage of integration.
5Who commented on the completion of the client migration at UBS?
UBS CEO Sergio Ermotti and CFO Todd Tuckner both commented on the milestone and its significance for the bank's integration efforts.
