These are the bosses of the new Super-UBS

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UBS announced Tuesday morning that the two banks Credit Suisse (CS) and UBS will continue to operate independently for the foreseeable future. At the same time, CEO Sergio Ermotti (62) announced several staffing decisions. The management team of the new Super-UBS is in place.

The consolidated group, Credit Suisse AG, will consist of five business divisions, seven corporate functions and four regions. Each of these units is represented by an Executive Board member who reports to Ermotti, UBS Group President. There are also double castings. Blick introduces the Board of Directors:

Ulrich Körner, Credit Suisse AG: The last CEO in CS history is allowed to remain. The German-Swiss bank manager will join the UBS Group Board of Directors upon completion of the transaction. Turnaround: He was a board member at the bank from 2009 to 2020. Gallen University, Körner started his career at McKinsey.

Iqbal Khan, Head of Global Wealth Management: He had received more than 50 rejections before taking his commercial apprenticeship at Revor trust company in Dübendorf ZH. Born in Pakistan, Khan had an excellent career. He started at Ernst & Young at the age of 25 and became the youngest partner at 31. Khan led International Asset Management from 2015 to 2019 under Tidjane Thiam, then CS CEO. Khan gained national fame as a result of the shadowing incident. He has been working at UBS since 2019 and is in charge of global affairs.

Rob Karofsky, Head of Investment Bank: The investment bank will continue to be a hot topic at Super-UBS. Rob Karofsky, who joined UBS in 2014 and initially served as Head of Global Equities, remains in charge of it. He has been the chairman of the Investment Bank since 2018.

Sabine Keller-Busse, President Retail and Corporate Banking

Artificial Harford, President Asset Management, Sustainability and Impact Leadership

Beatriz Martin Jimenez, Head of Non-Core and Heritage

Todd Tuckner, Chief Financial Officer CFO: According to UBS, this position replaces Sarah Youngwood, who decided to leave the bank after the transaction was completed. Tuckner joined UBS in 2004 and is now CFO of global wealth management.

Michelle Bereaux, Group Integration Officer: He has to bring his two former arch rivals together. Bereaux has been with UBS for nearly 23 years and has held a variety of management roles.

Stefan Seiler, Head of Human Resources and Head of Corporate Services: He joined UBS in 2011 and is currently on the rise. Seiler will bring the two fields closer together in this role.

Mike Dargan, Chief Technology Officer

Christian Bluhm, Head of Risk

Barbara Levi, Group General Counsel

Markus Ronner, Group Compliance and Governance Officer

Sabine Keller-Busse, President of Switzerland: There has been speculation in the media for a long time. CS Switzerland boss André Helfenstein could replace him. After all, the Swiss division of Credit Suisse has always yielded good numbers. However ermotti Expresses his trust in Keller-Busse. He has been working in the big bank since 2010.

Naureen Hassan, boss of two Americas

Edmund Koh, Chief Asia and Pacific

Beatriz Martin Jimenez, President of Europe-Arabia-Africa

Source :Blick

Tim

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.