UBS Announces Major Executive Reshuffle to Drive Global Growth

New leadership roles in Americas and Asia-Pacific aim to strengthen wealth management and prepare for CEO succession.

Rob Karofsky and Iqbal Khan appointed co-presidents of global wealth management.
Khan to relocate to Asia-Pacific, marking the first time a divisional president is based there.
CEO Sergio Ermotti to step down by early 2027, with internal candidates lined up as potential successors.
George Athanasopoulos and Marco Valla named co-presidents of the investment bank.
The reshuffle follows UBS's takeover of Credit Suisse and aims to integrate and streamline operations.