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UBS Defeats Ex-Credit Suisse Managing Directors’ Back-Pay Claims

Bloomberg Markets Thursday 22 October 2026, 18:22 UTC By Chris Dolmetsch 1 min read
Key Points

UBS Defeats Ex-Credit Suisse Managing Directors’ Back-Pay Claims UBS Group AG prevailed against two former Credit Suisse Group AG managing directors who argued their deferred-compensation certificates shouldn’t have been written down when the banks merged in 2023. UBS on Wednesday asked a New York state court to confirm decisions by arbitrators rejecting claims by the former managing directors, Martin Ego and Jeffrey Jennings. Their cases are among a number the Swiss bank has faced from...

UBS Defeats Ex-Credit Suisse Managing Directors’ Back-Pay Claims UBS Group AG prevailed against two former Credit Suisse Group AG managing directors who argued their deferred-compensation certificates shouldn’t have been written down when the banks merged in 2023. UBS on Wednesday asked a New York state court to confirm decisions by arbitrators rejecting claims by the former managing directors, Martin Ego and Jeffrey Jennings. Their cases are among a number the Swiss bank has faced from former senior Credit Suisse bankers over so-called contingent capital award certificates, or CCAs.
UBS (ORG) Ex-Credit Suisse (ORG) UBS Group AG (ORG) Credit Suisse Group AG (ORG) New York (LOCATION) Martin Ego (PERSON) Jeffrey Jennings (PERSON) Swiss (ORG) Credit Suisse (ORG)
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