UBS Group restructures executive board

Executive Board Changes - UBS Group announced changes to its executive board effective from the beginning of 2026, including the retirement of vice chairman Lukas Gähwiler [1][5] - Beatriz Martin will become the group chief operating officer, overseeing the integration of Credit Suisse, Group Operations, and Internal Consulting and Governance teams [1][2] - Michelle Bereaux will transition to Group Head Compliance and Operational Risk Control, focusing on navigating UBS through a complex risk environment [3] Leadership Responsibilities - Martin will retain her roles as president EMEA and UK chief executive while coordinating operational alignment across UBS' business divisions [2] - Todd Tuckner, the group chief financial officer, will take on responsibilities for Governmental and Regulatory Affairs, while Group Security will be integrated into Group Human Resources and Corporate Services [4] - Mike Dargan will continue as group chief technology officer, emphasizing advancements in technology infrastructure, particularly in AI and digital assets [2] Retirement and Succession - Lukas Gähwiler will not seek re-election at the AGM in April 2026 after a 45-year career in the financial sector, having played significant roles in UBS, including the Credit Suisse integration [4][5] - Markus Ronner is expected to be nominated as the new vice chairman of the UBS board of directors, bringing expertise in regulation, risk control, and governance [5] Wealth Management Focus - UBS has increased scrutiny of client funds within its wealth management hubs in Asia, specifically in Singapore and Hong Kong [6]