ZURICH, May 30, 2024-- Ad hoc announcement pursuant to Article 53 LR.
ZURICH (Reuters) -UBS said on Thursday it would split its top wealth management role as part of a shake-up of its executive board, creating new responsibilities for two leading contenders to eventually run the Swiss bank after CEO Sergio Ermotti. Rob Karofsky, head of UBS's investment bank, will in July become head of the Americas and co-president of global wealth management alongside current wealth management boss Iqbal Khan, who will now also take charge of the Asia-Pacific region. Khan, a Swiss citizen, will relocate to Asia to assume the new role from Sept. 1.
PHILADELPHIA, May 29, 2024--UBS Private Wealth Management today announced that three advisor teams in the firm’s Philadelphia D.C. market have recently been recognized by Barron’s on several industry recognition lists for 2024.