By Olivia Bugault 
 

UBS Group AG said Wednesday that it has named Sarah Youngwood its new chief financial officer, starting May 2022.

Sarah Youngwood has been CFO of JPMorgan Chase & Co.'s consumer and community banking since 2016 and will replace Kirt Gardner at the head of the financial department of the Swiss bank after Mr. Gardner decided to step down, UBS said.

Mrs. Youngwood will first join UBS's executive board at the beginning of March before taking over as CFO in May, the company said.

"Kirt will support Sarah during her two-month onboarding period before retiring from UBS to pursue other opportunities in May," UBS said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

December 01, 2021 01:15 ET (06:15 GMT)

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