Race for coveted role comes as bank fights Swiss government over threat of more stringent capital buffers. UBS chief executive Sergio Ermotti is planning to step down in April 2027, firing the starting gun on the race for one of the biggest jobs in global banking. Ermotti, who returned to run UBS in 2023 following its state-orchestrated takeover of Credit Suisse, intends to leave after leading the integration of the two lenders, people familiar with the matter have told the FT. The 65-year-old is preparing to depart at a crucial time for UBS as it fights Swiss government plans to tighten its capital requirements, a dispute that has fuelled speculation that Switzerland’s biggest lender could move its headquarters abroad. Ermotti was parachuted into the top job at UBS — a role he previously held for nine years until 2020 — by chair Colm Kelleher just weeks after it agreed to rescue its former rival from the brink of collapse. The timetable for Ermotti’s departure around the time of …