9th May 2023

Europe

Credit Suisse CEO joins UBS board

Credit Suisse CEO Ulrich Koerner has joined UBS management board as part of the two firm’s leadership changes.

UBS group board of directors and its executive board will be in charge of the consolidated group, with UBS and Credit Suisse managed as two separate companies with their own branches and clients.

The Swiss bank confirmed five key business divisions, where all key roles are occupied by UBS employees. Iqbal Khan remains head of global wealth management, while Suni Harford retains her role as president of asset management.

Rob Karofsky continues as head of investment bank, Sabine Keller-Busse remains as president of personal and corporate banking and Switzerland.