UBS announced that the migration of former Credit Suisse clients onto its systems is now down to a single remaining item, bringing the integration of the 1.3 million‑client portfolio to a near‑final state.
The migration, one of the largest data moves in financial services history, involved 110 petabytes of data and was scheduled to be fully completed by the end of 2026. The remaining item is a technical configuration that will be addressed before the planned shutdown of Credit Suisse legacy systems at the end of March 2026.
The milestone comes as UBS reports cumulative cost savings of $10.7 billion to date, with a target of $13 billion in annualized savings by year‑end 2026. Completing the migration is a key step toward realizing those synergies and strengthening the bank’s cost‑income profile.
Sabine Keller‑Busse, UBS’s Switzerland head, said she was “enormously relieved” that the process had progressed so smoothly, noting that the near‑completion should boost client confidence and ease regulatory scrutiny as the bank finalizes the wind‑down.
The integration is expected to finish by year‑end 2026, after which UBS will focus on leveraging the combined client base for cross‑sell opportunities and further technology investments. Investors have reacted positively to the progress, citing the strong cost‑saving trajectory and the bank’s ability to execute a complex merger.”
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