The merger of UBS (NYSE:UBS) and Credit Suisseā€™s (NYSE:CS) Swiss units could be finalized as soon as July 1, according to a senior executive at UBS.

Sabine Keller-Busse, President of UBS Switzerland, revealed this development in an interview with the Neue Zuercher Zeitung newspaper on Tuesday.

UBS, which acquired its former rival Credit Suisse last year following the latter's collapse, had initially projected the merger to be completed in the third quarter of this year.

However, Keller-Busse stated that the integration process is advancing "very well," bringing the completion date forward.

"The merger could be done by July 1," she confirmed.

Post-merger, customers will start transitioning to UBS' IT systems throughout 2025, Keller-Busse added.

The parent companies of UBS and Credit Suisse concluded their merger at the end of last month, creating a singular global bank within Switzerland.

This newly formed entity now possesses a balance sheet approximately twice the size of the country's annual economic output.