New UBS Chief Makes First Shakeup Atop the Bank

  • Keller-Busse moves from COO role to head of UBS Switzerland
  • New COO, key for digital transformation, yet to be named
Sabine Keller-BusseSource: UBS Group AG
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UBS Group AG Chief Executive Officer Ralph Hamers made his first mark on the bank’s executive board, giving Sabine Keller-Busse a new role and extending Iqbal Khan’s responsibilities.

Keller-Busse, one of UBS’s highest-ranking women, will take over as head of Personal & Corporate Banking and president of UBS Switzerland. She will replace Axel P. Lehmann in January and cede her current position as group chief operating officer when a replacement is named. Khan, co-head of Global Wealth Management, assumes Keller-Busse’s role as president of the EMEA region, while keeping his current responsibilities.