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.
Deeply Read
More
Science
Switzerland says it can’t afford to take part in Copernicus programme
Swiss summit divides: neutrality under fire amid Ukraine conference
This content was published on
Leading figures in the Swiss Peoples' Party have argued Switzerland should not have hosted this weekend's summit without Russia.
This content was published on
Art dealers, collectors, and gallery owners from around the world wrapped up several multi-million-dollar deals at Art Basel.
Zelensky wants to ‘make history’ at Swiss peace summit
This content was published on
While Swiss President Viola Amherd spoke of modest objectives at the two-day Summit on Peace in Ukraine, her Ukrainian counterpart Volodymyr Zelensky was more proactive, saying he wanted to make history.
US announces $1.5 billion aid for Ukraine at Swiss peace summit
This content was published on
US Vice President Kamala Harris has announced more than $1.5 billion in aid in part for Ukraine’s energy sector and its humanitarian situation.
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.