Sabine Keller-Busse to Succeed Axel P. Lehmann as President UBS Switzerland
December 04 2020 - 01:15AM
Dow Jones News
Regulatory News:
Following a long and successful career at UBS, Axel P. Lehmann
has decided to step down from his current roles as President
Personal & Corporate Banking and President UBS Switzerland
(NYSE:UBS) (SWX:UBSN) as of 31 January 2021, and will leave UBS
after a transition phase ending on 31 July 2021. Lehmann further
strengthened UBS's position as the leading universal bank in
Switzerland with strong operating performance, significant client
growth as well as high client and employee satisfaction. As Group
Chief Operating Officer from 2016 to 2017, he was instrumental in
further increasing the efficiency and effectiveness of the
organization and unlocking synergies for the firm. He was a member
of the Board of Directors from 2009 to 2015 and was a member of the
Risk Committee.
Sabine Keller-Busse, currently Group Chief Operating Officer and
President EMEA, will succeed Axel P. Lehmann as President Personal
& Corporate Banking and President UBS Switzerland. Since being
named Group COO in January 2018, Keller-Busse has overseen
significant parts of Group Functions (including global functions
such as technology, operations, human resources and corporate and
consulting services). She has been pivotal in implementing stronger
business alignment. Keller-Busse joined UBS in 2010, first holding
the role of Chief Operating Officer UBS Switzerland and then Group
Head Human Resources. Prior to UBS, she led Credit Suisse's private
clients business for region Zurich and advised financial services
firms across Europe as a partner at McKinsey & Company. The
succession for the Group COO role will be announced at a later
date.
Iqbal Khan, Co-President of Global Wealth Management, will
succeed Sabine Keller-Busse as President EMEA, in addition to his
current responsibilities.
Chairman Axel A. Weber: "I want to thank Axel Lehmann for his
outstanding contribution over many years, first as a member of the
Board of Directors and then as a member of the Group Executive
Board. He has provided invaluable expertise in both roles. I wish
Axel all the best for the future."
Group Chief Executive Officer Ralph Hamers: "With her strong
track record in managing and transforming Group Functions as well
as in facilitating business growth as President EMEA and former COO
of UBS Switzerland, Sabine Keller-Busse is ideally positioned to
move UBS Switzerland forward to continued success. The Swiss home
market remains a key pillar of UBS's strategy, and I look forward
to working with Sabine in her new role. I'd also like to thank Axel
Lehmann for his strong contributions and solidifying UBS's position
as digital leader and the largest bank in Switzerland."
All changes are effective 1 February 2021.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20201203006157/en/
CONTACT: UBS Group AG and UBS AG
Investor contact
Switzerland: +41-44-234 41 00
Media contact
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
Americas: +1-212-882 58 58
APAC: +852-297-1 82 00
www.ubs.com/media
SOURCE: UBS
Copyright Business Wire 2020
(END) Dow Jones Newswires
December 04, 2020 01:00 ET (06:00 GMT)
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