UBS Names New Member to Executive Board
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UBS names Damian Vogel to its executive board and becomes chief risk officer, replacing the current CRO who is stepping down to focus on academia and photography.
Damian Vogel succeeds Christian Bluhm as chief risk officer at UBS and will join the executive board effective the beginning of May, according to a statement from UBS Tuesday. The two will work closely together to ensure a smooth transition, UBS went on to say.
Vogel currently serves as chief risk officer for the global wealth management (GWM) business and joined UBS in 2010, having services in several risk-related leadership roles in GWM, personal and corporate banking, and the Swiss business.
Generally, when such announcements of executive changes are made, there tends to be a comment about «spending more time with family» or something equally banal. In the case of Bluhm, he is stepping down to focus (no pun intended) on his photography business. In addition, he is looking into opportunities in academia.
Bluhm was the Group’s CFO since 2016 and pushed the department to embrace advanced analytics, digitalization, and AI.
The re-making of the twelve-member group executive board under CEO Ralph Hamers continues to progress. Sarah Youngwood was appointed chief financial officer in May and Barbara Levi chief legal officer last November.
Appointed under Hamers’ predecessor Sergio Ermotti are investment bank chief Robert Karofsky, asset management head Suni Harford, GWM chief Iqbal Khan, compliance officer Markus Ronner and Asia Pacific head, Edmund Koh.
Questions & Answers
Q.What roles has Damian Vogel held at UBS before this appointment?
What roles has Damian Vogel held at UBS before this appointment?
Before becoming chief risk officer and joining the executive board, Damian Vogel served as chief risk officer for the global wealth management business. He has also held various risk-related leadership positions within GWM, personal and corporate banking, and the Swiss business since joining UBS in 2010.
Q.When did Christian Bluhm join UBS's executive board and what were his key contributions?
When did Christian Bluhm join UBS's executive board and what were his key contributions?
Christian Bluhm was the Group's CFO since 2016. During his tenure, he significantly advanced the department by promoting advanced analytics, digitalization, and artificial intelligence within its operations. He is now stepping down to pursue academia and his photography business.
Q.Which other recent executive board appointments have been made under CEO Ralph Hamers?
Which other recent executive board appointments have been made under CEO Ralph Hamers?
Under CEO Ralph Hamers, Sarah Youngwood was appointed chief financial officer in May, and Barbara Levi became chief legal officer last November. These appointments are part of the ongoing restructuring of the twelve-member group executive board.
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