--UBS has shortlisted former UniCredit Chief Executive Jean Pierre Mustier as a possible successor to Alex Weber, who is finishing his term in 2022, Reuters reports, citing people familiar with the matter.

--A source close to Mr. Mustier said he has no immediate plans to leave his Pegasus Europe SPAC, however, and that he may face investor criticism if he does so before Pegasus completes a merger, Reuters said.

--Mr. Weber won't extend his mandate at UBS after it ends in April, according to Reuters.

--UBS and representatives for Mr. Weber declined to comment to Reuters.

 

Full story: https://reut.rs/3CCumim

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

November 19, 2021 09:20 ET (14:20 GMT)

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