UBS appoints 180 managers at global wealth division
UBS announced the appointment of 180 wealth managers on Thursday.
Keystone / Martin Ruetschi
Following the takeover of Credit Suisse, UBS announced the appointment of 180 wealth managers on Thursday, as reported by Reuters. With this move UBS will return to Australia and India.
This content was published on
1 minute
Reuters /sp
“The goal is to offer our customers the best of our combined organisation as quickly and seamlessly as possible,” Iqbal Khan, UBS’s president of global wealth management said in an internal memo obtained by Reuters.
The management changes will be effective from July 17 and several former Credit Suisse managers are said to have secured a spot in the wealth management division, even though Switzerland’s biggest bank had previously said it was considering cutting over half of Credit Suisse’s workforce.
Former Credit Suisse executive Michael Marr will become the head of global wealth management Australia, marking the return of UBS’s wealth management business into the country. Similarly, the bank will be returning to India, with former Credit Suisse executive Puneet Matta as the new head. The bank also confirmed that Lisa Golia will become Chief Operating Officer for wealth management in the US.
With the appointment of the new executives, UBS will also take over the shipping finance business of Credit Suisse, which it will merge with its aircraft financing business. According to Reuters, the merged unit will be led by Ruben Mangolg.
Popular Stories
More
Alpine Environment
My grandmother has lived in the same Swiss village for 100 years
What do you think Switzerland’s Alain Berset can bring to the Council of Europe?
The former interior minister is to become the first Swiss Secretary General of the Council of Europe – which issues should his five-year term focus on?
Bodycams: essential for good law enforcement, or a privacy risk?
Did you ever come across bodycams in your place of residence and if so, how do you think the use of bodycams alter the relationship between the public and (transport) police?
What can be done to protect biodiversity in your country?
Swiss voters are set to decide on a people’s initiative calling for better protection of ecosystems in the country. Have your say on the September 22 vote.
Sudan: Swiss among mediators calling for continuous flow of aid
This content was published on
The seven parties, including Switzerland, who led ten days of talks on Sudan in the Geneva region, are calling for the new flow of aid to “continue and accelerate”.
Coo d’état: Basel struggles to enforce pigeon-feeding ban
This content was published on
Police in the Swiss canton of Basel City have issued only eight fines since the ban on pigeon feeding came into force in July 2020.
Nestlé CEO Schneider was ousted, paving way for veteran Freixe, sources say
This content was published on
Nestlé CEO Mark Schneider was ousted in a sudden move by the world’s biggest foodmaker as a result of the group’s underperformance.
This content was published on
Two people died in a paragliding accident on the summit of the Breithorn in Valais, southwestern Switzerland, on Wednesday.
Two-thirds of terror suspects in Western Europe are teenagers
This content was published on
Terrorists have become younger. This can also be seen in Switzerland, said terror expert Peter Neumann in the "Neue Zürcher Zeitung" on Friday. The expert describes a new type of self-radicalized young attacker, which he calls Tiktok terrorists.
Swiss Federal Railways wants to replace Russian positioning system by end of 2025
This content was published on
The Swiss Federal Railways (SBB) would like to replace the positioning systems of the Russian company Infotrans by the end of 2025. However, this will cost CHF 900,000 more than expected, as SBB confirmed to the Keystone-SDA news agency.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Let’s Talk: What next after the Credit Suisse debacle?
This content was published on
The Let’s Talk debate webcast examines the implications of the Credit Suisse failure for Switzerland and its financial centre.
Swiss investors in Credit Suisse join class action challenging UBS deal
This content was published on
UBS is facing a new legal challenge to its takeover of Credit Suisse after a group of leading Swiss investors joined a class-action lawsuit.
BIS chief lauds Swiss handling of Credit Suisse crisis
This content was published on
Agustin Carstens, the head of the Bank for International Settlements (BIS) believes the Swiss authorities did a good job in rescuing Credit Suisse.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.