Sabine Keller-Busse to Succeed Axel P. Lehmann as President UBS Switzerland
December 04 2020 - 12:45AM
Business Wire
Changes effective 1 February 2021
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.
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