UBS said on Thursday it would split its top wealth management role as part of a shake-up of its executive board, creating new responsibilities for two leading contenders to eventually run the Swiss bank after CEO Sergio Ermotti. Rob Karofsky, head of UBS's investment bank, will in July become head of the Americas and co-president of global wealth management alongside current wealth management boss Iqbal Khan, who will now also take charge of the Asia-Pacific region.
Iqbal Khan named President UBS Asia-Pacific in addition to Co-President Global Wealth Management (GWM) Rob Karofsky named President UBS Americas and Co-President GWM George Athanasopoulos
UBS Makes Karofsky, Khan Wealth Co-Heads in Management Shakeup bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
UBS splits wealth management role amid executive reshuffle businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
By Adria Calatayud UBS Group said it would reshuffle its executive board, splitting leadership of its key wealth-management division in two and bidding farewell to the last chief of Credit.