New chairman and CEO for UBS Investment Bank
Jerker Johansson has been appointed chairman and chief executive officer (CEO) of UBS’s investment bank division. He will also join the group executive board. He will be based in London and take up his new position from March 17.
“The current turbulence in financial markets represents a challenge, but also a huge opportunity for well-run firms, and I look forward to leading UBS's investment bank to a prosperous future,” said Johansson.
At the same time, UBS appointed the following to its group executive board: Robert Wolf, president and chief operating officer of UBS Investment Bank; Alexander Wilmot–Sitwell, joint global head, investment banking department, UBS Investment Bank; and Marten Hoekstra, deputy CEO of global wealth management and business banking.
See also:
UBS startles market with $14 billion writedown
UBS launches Greenhouse Index
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