UBS CEO tells Credit Suisse staff to stay focused on clients and the business

ZURICH (Reuters) – UBS Chief Executive Sergio Ermotti has told Credit Suisse staff it is “critical” to remain focused on clients and keeping the business running as the merger of the two banks proceeds, according to an internal memo seen by Reuters.

“We cannot let ourselves get overly distracted by the integration efforts,” Ermotti said in the memo. “It’s critical for us to remain focused on supporting our clients and maintaining operational excellence.”