UBS Group AG operates under a strict dual board structure, as mandated by Swiss banking law, and therefore the BoD delegates the management of the business to the GEB.
Group Chief Executive Officer
Group Chief Executive Officer
Member of the GEB from 2011 to 2020 and since 2023
Sergio P. Ermotti
Nationality: Swiss | Year of birth: 1960
Sergio P. Ermotti has been Group CEO of UBS Group AG and President of the Executive Board of UBS AG since 2023. He was also the Group CEO from 2011 to 2020. He re-joined UBS from Swiss Re, where he was Chairman of the Board of Directors until 2023. Prior to joining UBS in 2011, he was at UniCredit Group, where from 2007 to 2010 he served as Group Deputy CEO and Head of Corporate & Investment Banking and Private Banking, prior to which he served as Head of the Markets & Investment Banking Division. Before that, he held various positions at Merrill Lynch & Co. in the areas of equity derivatives and capital markets. He became Co-Head of Global Equity Markets and a member of the Executive Management Committee for Global Markets & Investment Banking in 2001.
Professional experience
Years | Role/function |
|---|---|
2023 – date | Group CEO, UBS Group AG and President of the Executive Board, UBS AG |
2021 – 2023 | Chairman of the Board of Directors, Swiss Re |
2020 – 2021 | Member of the Board of Directors, Swiss Re |
2011 – 2020 | Group CEO, UBS |
2011 | Chairman and CEO UBS Group Europe, Middle East and Africa, and member of the Group Executive Board, UBS |
2007 – 2010 | Group Deputy CEO and |
2005 – 2007 | Head Markets & Investment Banking Division, UniCredit |
1987 – 2004 | Various senior management positions, Merrill Lynch & Co |
Education
- Swiss-certified banking expert
- Advanced Management Programme, the University of Oxford
Listed company boards
- Member of the Board of Ermenegildo Zegna N.V. (Lead Non-Executive Director)
Other activities and functions
- Member of the Board of Innosuisse, the Swiss Innovation Agency
- Member of Institut International d’Etudes Bancaires
- Member of the WEF International Business Council and Governor of the Financial Services / Banking Community
- Member of the MAS International Advisory Panel
- Member of the Board of the Institute of International Finance
- Member of the Board of the Swiss-American Chamber of Commerce
Co-President Investment Bank
Co-President Investment Bank
Member of the GEB since 2024
George Athanasopoulos
Nationality: Greek and British | Year of birth: 1969
George Athanasopoulos became Co-President of the Investment Bank in 2024. He jointly manages the Investment Bank with Marco Valla across all regions to ensure an unparalleled global offering for our client franchise. Since joining UBS in 2010, Mr. Athanasopoulos has held various senior roles, including Co-Head of Global Markets from 2020 to 2024 and Head of Global Family and Institutional Wealth from 2022 to 2024. Before joining UBS in 2010, he was General Manager at Eurobank EFG and previously worked for Barclays Capital, most recently responsible for Global Foreign Exchange and Global Emerging Markets Distribution. He started his career in 1992, working in Europe and Asia for NatWest Markets and Merrill Lynch.
Professional experience
Years | Role/function |
|---|---|
2024 – date | Co-President of the Investment Bank, UBS Group AG and UBS AG |
2022 – 2024 | Head Global Family and Institutional Wealth, UBS |
2020 – 2024 | Co-Head of Global Markets, UBS |
2016 – 2019 | Global Head of Foreign Exchange, Rates and Credit and Head of Non-Core, UBS |
2013 – 2016 | Global Co-Head of Foreign Exchange, Rates and Credit, UBS |
2011 – 2013 | Co-Head of Global Foreign Exchange and Precious Metals, UBS |
2010 – 2011 | Head of Global Foreign Exchange Distribution, UBS |
2009 – 2010 | General Manager, Group Head of Trading, Sales and Structuring, Eurobank EFG |
2008 – 2009 | Global Head of Foreign Exchange and Emerging Markets Distribution, Barclays Capital |
2004 – 2008 | Various management positions in FX Markets, Barclays Capital |
Education
- Master’s degree, shipping, trade and finance, Bayes Business School
- Diploma in mechanical engineering, the National Technical University of Athens
Other activities and functions
- None
Group Chief Compliance and Operational Risk Control Officer
Group Chief Compliance and Operational Risk Control Officer
Member of the GEB since 2023
Michelle Bereaux
Nationality: British and Trinidadian & Tobagonian | Year of birth: 1964
Michelle Bereaux was appointed Group Chief Compliance and Operational Risk Control Officer in January 2026. In this role, she is responsible for developing UBS’s risk management and control framework for non-financial risks and implementing the independent control framework for these non-financial risks. Ms. Bereaux has been at UBS for more than 25 years and has held various leadership roles across the firm. She has been a member of the GEB since 2023 and acted as Group Integration Officer from 2023 to 2025 to integrate Credit Suisse into UBS. Previously, she served as both COO and UK Country Head of Asset Management and, prior to that, as COO and Head HR for our Investment Bank.
Professional experience
Education
- Bachelor’s degree, law, the University of Cambridge
- Bachelor’s degree, politics, economics and law, the University of Buckingham
Other activities and functions
- None
President Asset Management
President Asset Management
Member of the GEB since 2024
Aleksandar Ivanovic
Nationality: Swiss | Year of birth: 1976
Aleksandar Ivanovic was appointed President Asset Management in 2024. With his experience and broad network across the UBS Group, he is leading the Asset Management business division forward, creating an even stronger organization through integration and offering investment capabilities and investment styles with industry-leading capabilities on a truly global scale. Before joining the GEB, he was Head Client Coverage and Head of the Europe, Middle East and Africa and Switzerland regions for Asset Management at UBS. Starting as an apprentice at UBS in 1992, he has worked in all our business divisions and later held various leadership roles at Credit Suisse and Morgan Stanley.
Professional experience
Years | Role/function |
|---|---|
2024 – date | President Asset Management, UBS Group AG and UBS AG |
2019 – 2024 | Head Region Europe, Middle East and Africa, Asset Management, UBS |
2018 – 2024 | Head Client Coverage, Asset Management, UBS |
2018 – 2024 | Head Region Switzerland, Asset Management, UBS |
2017 – 2018 | Head Institutional Client Coverage, Asset Management, UBS |
2011 – 2016 | Head of Europe, Middle East and Africa, Distribution, Financial Engineering, Structured Products, Institutional Equity Derivatives, London, Morgan Stanley |
2008 – 2011 | Head of Distribution Northern Europe, Structured Products, Institutional Equity Derivatives, London, Credit Suisse |
2000 – 2008 | Various positions in Global Markets, UBS Investment Bank, London / Switzerland, UBS |
Education
- Master’s degree, finance, London Business School
- Bachelor’s degree, Economics and Business Administration, Hochschule für Wirtschaft Zurich
Other activities and functions
- Chairman of UBS Asset Management AG
- Chairman of UBS Asset Management Switzerland AG
- Member of the Board of the UBS Optimus Foundation
Co-President Global Wealth Management and President UBS Americas
Co-President Global Wealth Management and President UBS Americas
Member of the GEB since 2018
Robert Karofsky
Nationality: American (US) | Year of birth: 1967
Robert Karofsky became Co-President Global Wealth Management and President UBS Americas in 2024. He jointly manages Global Wealth Management across all regions to ensure an unparalleled global offering for our wealth management client franchise. As President UBS Americas, he is responsible for the cross-divisional collaboration and represents the Group to the broader public in the Americas. Mr. Karofsky was President Investment Bank from 2021 to 2024 and previously Co-President Investment Bank from 2018 to 2021. Before that, he was President UBS Securities LLC from 2015 to 2021. Prior to joining UBS, he acquired know-how in investment banking as an analyst and trader, working for various financial institutions, including Morgan Stanley, Deutsche Bank and AllianceBernstein.
Professional experience
Years | Role/function |
|---|---|
2024 – date | Co-President Global Wealth Management and President UBS Americas, UBS Group AG and UBS AG |
2021 – 2024 | President Investment Bank, UBS |
2018 – 2021 | Co-President Investment Bank, UBS |
2015 – 2021 | President UBS Securities LLC, UBS |
2014 – 2018 | Global Head Equities, UBS |
2011 – 2014 | Global Head of Equity Trading, AllianceBernstein |
2008 – 2010 | Co-Head of Global Equities, Deutsche Bank |
2005 – 2008 | Head of North American Equities, Deutsche Bank |
Education
- Bachelor’s degree, economics, Hobart and William Smith Colleges, New York
- MBA, finance and statistics, the University of Chicago’s Booth School of Business
Other activities and functions
- Member of the Board of UBS Americas Holding LLC
- Chair of the Board of the UBS Optimus Foundation US
- Member of the Board of the American Swiss Foundation
President Personal & Corporate Banking and President UBS Switzerland
President Personal & Corporate Banking and President UBS Switzerland
Member of the GEB since 2016
Sabine Keller-Busse
Nationality: Swiss and German | Year of birth: 1965
Sabine Keller-Busse was appointed President Personal & Corporate Banking and President UBS Switzerland in 2021, heading the leading universal bank in Switzerland. In her role, she oversees our comprehensive offering in retail and corporate and institutional banking in Switzerland, selected financial services to businesses and financial institutions globally, and wealth management services to individuals in Switzerland, which are provided jointly with Global Wealth Management. She has been a member of the GEB since 2016 and has served as Group COO overseeing technology, operations, human resources and corporate services and as President UBS Europe, Middle East and Africa.
Professional experience
Years | Role/function |
|---|---|
2021 – date | President Personal & Corporate Banking and President UBS Switzerland, UBS Group AG |
2021 – date | President of the Executive Board, UBS Switzerland AG |
2019 – 2021 | President UBS Europe, Middle East and Africa, UBS |
2018 – 2021 | Group COO of UBS and President of the Executive Board, UBS Business Solutions AG |
2016 – 2021 | Member of the Executive Board of UBS AG |
2014 – 2017 | Group Head Human Resources, UBS |
2010 – 2014 | COO UBS Switzerland, UBS |
Education
- Master’s degree, economic sciences, University of St. Gallen
- Ph.D., economic sciences (Dr. oec.), University of St. Gallen
Listed company boards
- Member of the Board of Zurich Insurance Group
Other activities and functions
- President of the Executive Board of UBS Switzerland AG
- Chairwoman of the Foundation Board of the Pension Fund of UBS
- Chairwoman of the Board of the UBS Optimus Foundation
- Member of the Board and Board Committee of Zurich Chamber of Commerce
- Member of the Foundation Council of the UBS Center for Economics in Society, University of Zurich
- Member of the Board of Trustees of the HSG Foundation (University of St. Gallen)
- Member of the Foundation Board of Deep Tech Nation Switzerland
- Member of the Board of the University Hospital Zurich Foundation
Co-President Global Wealth Management and President UBS Asia Pacific
Co-President Global Wealth Management and President UBS Asia Pacific
Member of the GEB since 2019
Iqbal Khan
Nationality: Swiss | Year of birth: 1976
Iqbal Khan became Co-President Global Wealth Management and President UBS Asia Pacific in 2024. He jointly manages Global Wealth Management across all regions to ensure an unparalleled global offering for our wealth management client franchise. As Regional President UBS Asia Pacific, he is responsible for the cross-divisional collaboration and represents the Group to the broader public in the Asia Pacific region. Previously, he was President Global Wealth Management from 2022 to 2024 and President UBS Europe, Middle East and Africa from 2021 to 2023. He joined UBS in 2019 as Co-President Global Wealth Management. Prior to UBS, Mr. Khan was at Credit Suisse, holding senior leadership positions as CFO Private Banking & Wealth Management and CEO International Wealth Management. He joined Ernst & Young in 2001, where he held numerous leadership positions and upon leaving that company, he served as lead auditor of UBS.
Professional experience
Years | Role/function |
|---|---|
2024 – date | President UBS Asia Pacific, UBS Group AG and UBS AG |
2024 – date | Co-President Global Wealth Management, UBS Group AG and UBS AG |
2022 – 2024 | President Global Wealth Management, UBS |
2021 – 2023 | President UBS Europe, Middle East and Africa, UBS |
2019 – 2022 | Co-President Global Wealth Management, UBS |
2015 – 2019 | CEO International Wealth Management, Credit Suisse |
2013 – 2015 | CFO Private Banking & Wealth Management, Credit Suisse |
2011 – 2013 | Managing Partner Assurance and Advisory Services – Financial Services, Ernst & Young |
2009 – 2011 | Industry Lead Partner Banking and Capital Markets, Switzerland and EMEA Private Banking, Ernst & Young |
2001 – 2009 | Various positions in Ernst & Young |
Education
- Swiss Certified Public Accountant
- Advanced Master of International Business Law (LL.M.) degree, University of Zurich
Other activities and functions
- None
Group General Counsel
Group General Counsel
Member of the GEB since 2021
Barbara Levi
Nationality: Italian | Year of birth: 1971
Barbara Levi has been Group General Counsel since 2021. In her role, she provides legal advice and manages the Group’s legal affairs, ensuring effective and timely assessment of legal matters impacting the Group and its businesses. Before joining UBS, she served as Chief Legal Officer & External Affairs at Rio Tinto Group and, before that, as General Counsel, based in London. In both roles, she was a member of that company’s executive committee. Ms. Levi began her corporate career with Novartis Group in 2004 and worked there for 16 years, holding a number of senior legal roles across Europe.
Professional experience
Years | Role/function |
|---|---|
2021 – date | Group General Counsel, UBS Group AG and General Counsel, UBS AG |
2021 | Chief Legal Officer & External Affairs, Rio Tinto Group |
2020 – 2021 | Group General Counsel, Rio Tinto Group |
2019 | Group Legal Head, M&A and Strategic Transactions, Novartis |
2016 – 2019 | Global General Counsel, Sandoz International GmbH, Novartis |
2014 – 2016 | Global Legal Head, Product Strategy & Commercialization, Novartis |
2013 – 2014 | Global Legal Head, TechOps, Primary Care and Established Medicines, Novartis |
2009 – 2013 | Head of Legal & Compliance, Region Asia-Pacific, Middle East, and African Countries, Region Group Emerging Markets, Novartis |
Education
- Law degree, the University of Milan
- Master of Laws (LL.M.), banking, corporate and finance law, Fordham University School of Law, New York
Other activities and functions
- Member of the Board of Directors of the European General Counsel Association
- Member of the Legal Committee of the Swiss-American Chamber of Commerce
Group Chief Operating Officer, Head Non-Core and Legacy and President UBS Europe, Middle East and Africa
Group Chief Operating Officer, Head Non-Core and Legacy and President UBS Europe, Middle East and Africa
Member of the GEB since 2023
Beatriz Martin Jimenez
Nationality: Spanish | Year of birth: 1973
Beatriz Martin Jimenez became Group COO in January 2026, with the Group Technology function reporting to her. Since 2023, she has served as President UBS Europe, Middle East and Africa and Head Non-Core and Legacy. As Group COO, her responsibilities encompass developing and coordinating the Group-wide operational integration, driving Group-wide innovative technology solutions and digitalization, delivering technology services, and overseeing technology enabled change initiatives. The Group COO is also responsible for the implementation of the Group’s sustainability and impact strategy, which has been led by Ms. Martin Jimenez since 2024. Her regional position as President UBS Europe, Middle East and Africa involves promoting collaboration across business divisions and representing UBS throughout the region. In addition, Ms. Martin Jimenez also serves as the Chief Executive for UBS in the UK. As Head Non-Core and Legacy, she focuses on managing derisking and cost-reduction efforts tied to the integration process. Before joining UBS, Ms. Martin Jimenez held a variety of leadership roles in fixed income sales and trading at both Morgan Stanley and Deutsche Bank.
Professional experience
Years | Role/function |
|---|---|
January 2026 – date | Group Chief Operating Officer, UBS Group AG and Chief Operating Officer, UBS AG |
2023 – date | President UBS Europe, Middle East and Africa, UBS Group AG and UBS AG |
2023 – date | Head Non-Core and Legacy, UBS Group AG and UBS AG |
2019 – date | UK Chief Executive, UBS AG London Branch |
2024 – 2026 | UBS GEB Lead for Sustainability and Impact, UBS Group AG (transitioned to Group COO responsibilities in 2026) |
2022 – 2023 | Chief Transformation Officer, UBS Group AG |
2020 – 2023 | Group Treasurer, UBS Group AG |
2015 – 2020 | COO, UBS Investment Bank |
2015 – 2019 | UK COO, UBS AG London Branch and UBS Limited |
2012 – 2015 | Chief of Staff to CEO, UBS Investment Bank, UBS |
1996 – 2012 | Various positions in Global Markets, Morgan Stanley and Deutsche Bank |
Education
- Masters of Business Administration, Universidad Autónoma de Madrid, Madrid
- Erasmus Exchange programme, Hochschule für Bankwirtschaft, Frankfurt
Other activities and functions
- Member of the Board of Directors and President of the Executive Board of UBS Business Solutions AG
- Member of the Supervisory Board of UBS Europe SE
- Member of the Board of Directors of Credit Suisse International
Head Group Human Resources and Corporate Services
Head Group Human Resources and Corporate Services
Member of the GEB since 2023
Stefan Seiler
Nationality: Swiss | Year of birth: 1974
Stefan Seiler was appointed Head Group Human Resources and Corporate Services in 2023. In this role, he manages the people, real estate, vendor management, communications, branding and marketing, and security functions that support the firm’s long-term success. Since joining UBS in 2011, he has held several key leadership roles, including Head HR for Switzerland and Group Functions, Global Head Talent and Recruiting, and Group Head HR since 2018. He started his career at the Swiss Military Academy at the Swiss Federal Institute of Technology (ETH) Zurich, where he later returned as Department Head of Leadership and Communication after broadening his experience in the financial sector at Credit Suisse from 2002 to 2006. He has worked in Switzerland, the UK, the US and Singapore.
Professional experience
Years | Role/function |
|---|---|
2023 – date | Head Group Human Resources and Corporate Services, UBS Group AG and Head Human Resources and Corporate Services, UBS AG |
2018 – 2023 | Group Head Human Resources, UBS |
2016 – 2018 | Global Head Talent & Recruiting, UBS |
2014 – 2016 | Head HR UBS Switzerland and Global Head HR Group Control & CEO Functions, UBS |
2012 – 2016 | Head HR UBS Switzerland, UBS |
2011 – 2012 | Global Head HR Corporate Center, UBS |
2010 – 2011 | Visiting Professor, Nanyang Business School, Singapore |
2006 – 2011 | Department Head of Leadership and Communication, Swiss Military Academy, ETH Zurich |
2002 – 2006 | Assessment specialist, HR Transformation Manager and Global Lead for Human Capital Management Implementation Group Functions, Credit Suisse, Zurich and New York |
Education
- Master of Science (lic. Phil.), Educational Psychology, University of Fribourg
- PhD in Educational Psychology, University of Fribourg
Other activities and functions
- Member of the Board of the UBS Optimus Foundation
- Member of the Foundation Board of the Pension Fund of UBS
- Member of the Foundation Council of the UBS Center for Economics in Society, University of Zurich
- Chairman of the Employers Association of Banks in Switzerland
- Chairman of the Foundation Board of the Swiss Finance Institute
- Member of the IMD Foundation Board
- Adjunct Professor for Leadership and Strategic Human Resource Management, Nanyang Technological University (NTU), Singapore
Group Chief Financial Officer
Group Chief Financial Officer
Member of the GEB since 2023
Todd Tuckner
Nationality: American (US) | Year of birth: 1965
Todd Tuckner became Group CFO in 2023. In January 2026, he also took over responsibility for overseeing the Group’s governmental and regulatory affairs, including developing and maintaining the Group’s recovery and resolution plans. As Group CFO, he oversees the Group’s financial accounting, controlling, forecasting, planning and reporting processes, ensuring the transparency in and the assessment of the financial performance of the Group and the business divisions. He is also responsible for managing and controlling the Group’s tax affairs, treasury and capital management, including funding and liquidity risk, and regulatory capital ratios. Additionally, he coordinates relations with analysts and investors alongside the Group CEO. He was previously CFO and Head Business Performance and Risk Management for our Global Wealth Management business. Mr. Tuckner joined UBS in 2004 after working for KPMG for 17 years and has since held various leadership roles across the Group Finance function.
Professional experience
Years | Role/function |
|---|---|
2023 – date | Group CFO, UBS Group AG and CFO, UBS AG |
2020 – 2023 | CFO and Head Business Performance and Risk Management, Global Wealth Management, UBS |
2016 – 2021 | Group Controller and Chief Accounting Officer, UBS |
2012 – 2019 | Group Finance COO, UBS |
2009 – 2012 | Group Head Tax & Accounting Policy, UBS |
2004 – 2009 | Group Head Tax – Americas, UBS |
1987 – 2004 | Various management positions, KPMG LLP, New York |
Education
- Bachelor’s degree, economics, Princeton University
- MBA, accounting, New York University
Other activities and functions
- Member of the Financial Services Chapter of the Swiss-American Chamber of Commerce
Co-President Investment Bank
Co-President Investment Bank
Member of the GEB since 2024
Marco Valla
Nationality: American (US) | Year of birth: 1972
Marco Valla became Co-President of the Investment Bank in 2024 and Head of Global Banking in September 2025. He jointly manages the Investment Bank with George Athanasopoulos across all regions to ensure an unparalleled global offering for our client franchise. He began his career at Credit Suisse First Boston in 1994 as an Investment Banking analyst, before working for Lehman Brothers and Barclays. During his tenure at Barclays, he was the Global Head of Technology, Media and Telecommunications (TMT) and Consumer Retail Investment Banking, overseeing the coverage of technology, media, telecommunications, consumer and retail clients, and a member of the Investment Banking Management Committee.
Professional experience
Years | Role/function |
|---|---|
2024 – date | Co-President of the Investment Bank, UBS Group AG and UBS AG |
September 2025 - date | Head of Global Banking |
2023 – 2024 | Co-Head of Global Banking, Investment Banking, UBS |
2020 – 2023 | Global Head of TMT and Consumer Retail, Investment Banking |
2013 – 2019 | Global Co-Head of Consumer Retail Group, Investment Banking, Barclays |
2008 – 2013 | Managing Director, Retail Group, Investment Banking, Barclays |
2005 – 2008 | Managing Director, Retail Group, Investment Banking, Lehman Brothers |
1994 – 2005 | Investment Banking, Credit Suisse First Boston |
Education
- Bachelor’s degree, economics and Italian literature, University of California, Berkeley
Other activities and functions
- Member of the Board of Directors of Good Shepherd Services
- Member of the Board of the Mount Sinai Department of Urology
Group Chief Risk Officer
Group Chief Risk Officer
Member of the GEB since 2024
Damian Vogel
Nationality: Swiss | Year of birth: 1972
Damian Vogel was appointed Group Chief Risk Officer in 2024 and is responsible for the development of the Group’s risk management and control framework for various risk categories and the implementation of its independent control frameworks. Since joining UBS in 2010, he held various risk-related leadership roles across Global Wealth Management, Personal & Corporate Banking and the Switzerland region before being appointed Chief Risk Officer for Credit Suisse and Group Risk Control Head of Integration in 2023. Previously, he worked for Credit Suisse as Credit Risk Manager and Head Structured Lombard Solutions.
Professional experience
Years | Role/function |
|---|---|
2024 – date | Group Chief Risk Officer, UBS Group AG and Chief Risk Officer, UBS AG |
2023 – 2024 | Chief Risk Officer, Credit Suisse AG Group Risk Control Head Integration, UBS |
2018 – 2023 | Chief Risk Officer Global Wealth Management, UBS |
2016 – 2018 | Chief Risk Officer Personal & Corporate Banking and Region Switzerland, Zurich, UBS |
2012 – 2016 | Portfolio Underwriter and Head Risk Control Swiss Corporates, Zurich, UBS |
2010 – 2011 | Project Manager within Chief Risk Officer Wealth Management and Swiss Bank, Zurich, UBS |
2009 – 2010 | Credit Risk Manager, Credit Risk Management Investment Banking, New York, Credit Suisse |
2008 – 2009 | Head Structured Lombard Solutions, Credit Risk Management Private Banking, Zurich, Credit Suisse |
1999 – 2008 | Various management positions in Credit Suisse |
Education
- Bachelor’s degree, business and administration, University of Applied Sciences, Visp
- Executive Program, Stanford University Graduate School of Business
- Master of Advanced Study, corporate finance, University of Lucerne
Other activities and functions
- Member of the Board of Directors of UBS Switzerland AG
- Member of Foundation Board of the International Financial Risk Institute
