Ad hoc releases
UBS announces board nominations and executive appointments
The UBS Board of Directors nominates two candidates for election to the Board at the Annual General Meeting (AGM) on 19 April 2006. The nominees are Gabrielle Kaufmann-Kohler and Joerg Wolle. At the same time UBS announces the appointment of Marcel Rohner as Deputy Group CEO and Rory Tapner, Chairman & CEO Asia Pacific, as a member of the Group Executive Board.
The UBS Board of Directors will propose two new members for election and two current members for re-election at the AGM to be held on 19 April 2006 in Basel.
Gabrielle Kaufmann-Kohler, born in 1952, is a partner with Schellenberg Wittmer, the Swiss-based law firm, and a professor of private international law at the University of Geneva. She is a member of both the Geneva Bar and the New York State Bar and is known worldwide for her expertise in international arbitration.
Joerg Wolle, born in 1957, is President and CEO of DKSH Holding Ltd. a Swiss-based services group for Asia that focuses on sourcing, marketing, logistics and distribution for small and medium sized companies as well as multinationals worldwide.
"The nominees will provide us with highly valuable expertise. Gabrielle Kaufmann-Kohler complements the present composition of the board with her extensive experience in international law and dispute settlement. Joerg Wolle has a strong and successful record in the fast growing markets of the Asia Pacific region," commented Marcel Ospel, Chairman of the Board of Directors.
The Board of Directors will also ask the AGM to re-elect Ernesto Bertarelli and Rolf A. Meyer to the board, as their terms of office will expire in 2006. After having served for 21 years on the Board of Directors of UBS and its predecessor bank Swiss Bank Corporation, Peter A. Boeckli's term will expire at the 2006 AGM. As he has reached the statutory age limit, he will not stand for re-election.
After the 2006 AGM, the Board of Directors should have 12 members, which is the maximum number permitted by the UBS Articles of Association.
As John Costas is relinquishing his role on the Group Executive Board to manage Dillon Read Capital Management, UBS's new alternative asset management business within UBS Global Asset Management, Marcel Rohner, Chairman & CEO Global Wealth Management & Business Banking, will assume the additional title of Deputy Group CEO.
At the same time, Rory Tapner, Chairman & CEO Asia Pacific, will join the Group Executive Board.
"We are proud to announce these appointments, which reflect the structure of our firm. Marcel Rohner will continue to lead our wealth management and business banking business, and deputise for me when appropriate. Rory Tapner's visible and effective leadership in the strategically important Asia Pacific region, and breadth of experience in Investment Banking will be an important addition to the Group Executive Board," said Peter Wuffli, UBS Group CEO.
There will be no change in any daily operational responsibilities for either Marcel Rohner or Rory Tapner, and the appointments will be effective 1 January 2006.
Board of Directors
Gabrielle Kaufmann-Kohler (Swiss, 53)
Gabrielle Kaufmann-Kohler is a practicing attorney and partner with Schellenberg Wittmer as well as a Professor of private international law at University of Geneva Law School. She is admitted to the New York State Bar and the Geneva Bar and holds a doctorate of the University of Basle. Previously she has been a partner of Baker & McKenzie and a legal adviser at UBS in New York. She acts as an international arbitrator in commercial and investment disputes and sports cases and was ranked among the top ten arbitrators worldwide in a 2005 survey by "The American Lawyer".
Joerg Wolle (German, 48)
Joerg Wolle is President & CEO of DKSH Holding Ltd. He earned a MSc in Mechanical Engineering and a PhD in Engineering from University of Technology, Chemnitz, Germany. He started his career with special assignments for the Swedish SKF Group in Russia, China and India. Previous to his appointment as CEO of DKSH he was a Member of the Executive Board of SiberHegner Holding Ltd. in Switzerland and a Director Marketing & Sales of SiberHegner in Hongkong. He is an Honorary Professor for "Intercultural Communication" at the University of Applied Sciences, Zwickau, Germany.
Group Executive Board
Marcel Rohner (Swiss, 41)
Marcel Rohner, based in Zurich, is Chairman and CEO of Global Wealth Management & Business Banking and a member of the Group Executive Board. Previously, he was CEO of Wealth Management & Business Banking, Chief Operating Officer and Deputy Head of UBS Private Banking. Marcel has developed UBS Private Banking's new approaches to product development, training, technology and marketing. Previously he was UBS's Chief Risk Officer and held different managing positions at the investment bank (SBC/Warburg Dillon Read).
Rory Tapner (British, 46)
Rory Tapner is Chairman and CEO Asia Pacific and a member of the Group Managing Board. Rory has set the key elements of UBS's strategy and further accelerated growth in Asia Pacific. Previously he was Joint Global Head of Investment Banking, Joint Global Head of Corporate Finance. From 1983 to 1998, he was with S.G. Warburg and Warburg Dillon Read as Global Head of Equity Capital Markets, Head of UK Corporate Finance and the UK Capital Markets Team. He also was a Member of the Warburg Dillon Read Executive Board.