Board of Directors

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Chairman of the Board of Directors

Non-executive member of the Board since 2022

  • Chairperson of the Corporate Culture and Responsibility Committee since 2022
  • Chairperson of the Governance and Nominating Committee since 2022

Nationality: Irish | Year of birth: 1957

Colm Kelleher was elected Chairman of UBS in April 2022. He served as President of Morgan Stanley until retiring from that firm in 2019, overseeing both the Institutional Securities Business and Wealth Management. Before that, he was Co-President and then President of Morgan Stanley Institutional Securities. During the global financial crisis, he held the position of CFO and Co-Head Corporate Strategy from 2007 to 2009. Mr. Kelleher is a well-respected leader in the financial services sector. His 30-year career with Morgan Stanley attests to his solid leadership experience in banking and excellent relationships around the world. He has a deep understanding of the global banking landscape and broad banking experience across all the geographic regions and major business areas in which UBS operates.

Professional experience

Professional experience

Years

Role/function

2016 – 2019

President Morgan Stanley, responsible for Institutional Securities and Wealth Management

2011 – 2016

CEO of Morgan Stanley International, Morgan Stanley

2013 – 2015

President, Institutional Securities, Morgan Stanley

2010 – 2012

Co-President, Institutional Securities, Morgan Stanley

2007 – 2009

CFO and Co-Head Corporate Strategy, Morgan Stanley

2006 – 2007

Head Global Capital Markets, Morgan Stanley 

2004 – 2006

Co-Head Fixed Income, Europe, Morgan Stanley

1989 – 2004

Various roles, Morgan Stanley

Education

  • Master’s degree, modern history, the University of Oxford
  • Fellow of the Institute of Chartered Accountants in England and Wales

Listed company boards

  • Member of the Board of Norfolk Southern Corporation (chair of the finance and risk management committee)

Other activities and functions

  • Member of the Board of Directors of the Bretton Woods Committee
  • Member of the Board of the Swiss Finance Council
  • Member of the Board of the International Monetary Conference
  • Member of the Board of the Bank Policy Institute
  • Member of the Board of Americans for Oxford
  • Visiting Professor of Banking and Finance, Loughborough Business School
  • Member of the European Financial Services Round Table
  • Member of the European Banking Group
  • Member of the International Advisory Council of the China Securities Regulatory Commission
  • Member of the Chief Executive's Advisory Council (Hong Kong)

Vice Chairman

Non-executive member of the Board since 2022

  • Member of the Governance and Nominating Committee since 2023
  • Member of the Risk Committee since 2023

Nationality: Swiss | Year of birth: 1965

Lukas Gähwiler brings a wealth of industry experience and an in-depth understanding of UBS to the Board. He served as Chairman of the Board of UBS Switzerland AG for five years and was a member of the Group Executive Board of UBS and President UBS Switzerland from 2010 to 2016, responsible for the private clients, wealth management, corporate and institutional clients, investment banking, and asset management businesses in UBS’s home market. Before joining UBS, Mr. Gähwiler worked for Credit Suisse for over twenty years, his last role being Chief Credit Officer, Global Private and Corporate Banking. In addition to his leadership and industry experience across all parts of the banking business, his strong connections and network, particularly in Switzerland, are instrumental for the firm.

Professional experience

Professional experience

Years

Role/function

2017 - 2022

Chairman of the Board of Directors of UBS Switzerland AG

2010 - 2016

Member of the Group Executive Board, UBS and President UBS Switzerland

2003 - 2010

Chief Credit Officer, Global Private and Corporate Banking, Credit Suisse

2002 - 2003

Head Credit Risk Management, Corporate Clients Switzerland, Credit Suisse

1998 - 2001

Chief of Staff to CEO, Private and Corporate Clients, Credit Suisse 

1990 - 1998

Various senior front office roles in Corporate Clients in Switzerland and North America, Credit Suisse

1981 - 1986

Client Advisor Retail and Wealth Management, St. Galler Kantonalbank

Education

  • Advanced Management Program, Harvard Business School
  • MBA program, International Bankers School, New York
  • Bachelor’s degree, business administration, University of Applied Sciences, St. Gallen

Non-listed company boards

  • Vice Chairman of the Board of Directors of Pilatus Aircraft Ltd
  • Member of the Board of Directors of Ringier AG

Other activities and functions

  • Member of the Board and Board Committee of economiesuisse
  • Chairman of the Employers Association of Banks in Switzerland
  • Member of the Board of Directors of the Swiss Employers Association
  • Member of the Board of Directors and the Board of Directors Committee of the Swiss Bankers Association
  • Member of the Board of the Swiss Finance Council
  • Member of the Board of Trustees of Avenir Suisse

Senior Independent Director

Non-executive member of the Board since 2018

Photo of Jeremy Anderson
  • Member of the Governance and Nominating Committee since 2019
  • Chairperson of the Audit Committee since 2018

Nationality: British | Year of birth: 1958

Jeremy Anderson is a financial services veteran, with more than 30 years’ experience working in the banking and insurance sector in an advisory capacity, covering a broad range of topics, including strategy, audit and risk management, technology-enabled transformation, mergers, and bank restructuring. Before retiring from KPMG in 2017, he was its Chairman of Global Financial Services. Mr. Anderson is also an IT expert, having started out as a software developer in the early 1980s, before working in IT consulting and developing a broad knowledge of systems integration and IT outsourcing services, as well as software development. He cemented his reputation as a tech specialist by becoming a founding sponsor of KPMG’s Global Fintech Network in 2014.

Professional experience

Professional experience

Years

Role/function

2010 – 2017

Chairman of Global Financial Services, KPMG International

2008 – 2011

Head of Clients and Markets KPMG Europe, KPMG International

2006 – 2011

Head of Financial Services KPMG Europe, KPMG International

2004 – 2006

Head of Financial Services KPMG UK, KPMG International

2002 – 2004

Member of the Group Management Board and Head of UK operations, Atos Origin SA

1985 – 2002

KPMG consulting UK, KPMG

1980 – 1985

Software developer, Triad Computing Systems

Education

  • Bachelor’s degree, economics, University College London

Listed company boards

  • Member of the Board of Prudential plc (chair of the risk committee)

Non-listed company boards

  • Chairman of Lamb’s Passage Holding Ltd

Other activities and functions

  • Member of the Board of Directors of Credit Suisse International
  • Trustee of the UK’s Productivity Leadership Group

Non-executive member of the Board since 2021

Photo of Claudia Böckstiegel
  • Member of the Corporate Culture and Responsibility Committee since 2022

Nationality: Swiss and German | Year of birth: 1964

Claudia Böckstiegel has been General Counsel and a member of the Enlarged Executive Committee of Roche Holding AG since 2020. She started her professional career as an attorney in private practice in Germany, then joined the Swiss pharmaceutical company Roche in Germany in 2001 and subsequently held various global legal management positions at Roche in Switzerland. Ms. Böckstiegel brings a wealth of know-how in a highly regulated sector including safety, health and environment and sustainability. Her responsibilities at Roche Holding AG include a broad range of topics, such as patents, audit and risk advisory and compliance.
 

Professional experience

Professional experience

Years

Role/function

2020 – date

General Counsel and member of the Enlarged Executive Committee, Roche Holding AG

2016 – 2020

Head of Legal Diagnostics, F. Hoffmann-La Roche Ltd., Basel, Switzerland, Roche Group

2010 – 2016

Head Legal Business, Roche Diagnostics International Ltd, Rotkreuz, Switzerland, Roche Group

2005 – 2010

Head Legal Business, Roche Diagnostics GmbH, Mannheim, Germany, Roche Group

2001 – 2005

Legal Counsel, Roche Diagnostics GmbH, Mannheim, Germany, Roche Group

1995 – 2001

Attorney (Partner), Philipp & Littig, Mannheim, Germany

1992 – 1995

Attorney (Associate), Dr. Hermann Büttner, Karlsruhe, Germany

Education

  • Master’s degree, law, Universities of Mannheim and Heidelberg
  • Master of Laws (LL.M.), Georgetown University, Washington, DC

Listed company boards

  • Member of the Enlarged Executive Committee of Roche Holding AG

Other activities and functions

  • Member of the Chairman’s Committee of the Board of the Chamber of Commerce Germany-Switzerland

Non-executive member of the Board since 2019

Photo of William C. Dudley
  • Member of the Corporate Culture and Responsibility Committee since 2019
  • Member of the Risk Committee since 2019

Nationality: American (US) | Year of birth: 1953

William C. Dudley served as the President and CEO of the Federal Reserve Bank of New York for nine years. He demonstrated exceptional leadership in monetary policy and as a top regulator, including during the years of the global financial crisis. During that period, his additional area of focus included cultural behavior and social and governance topics in the financial services industry. He also served as the Vice Chairman and a permanent member of the Federal Open Market Committee. Mr. Dudley brings a wealth of experience in banking and research thanks to his former management positions at Goldman Sachs Group and Morgan Guaranty Trust.

Professional experience

Professional experience

Years

Role/function

2009 – 2018

President and CEO, Federal Reserve Bank of New York

2007 – 2009

Executive Vice President and Head Markets Group, Federal Reserve Bank of New York

2006

Senior advisor (part-time), Goldman Sachs Group

2002 – 2005

Partner and Director US Economic Research Group, Goldman Sachs Group

1996 – 2002

Managing Director and Director US Economic Research Group, Goldman Sachs Group

1983 – 1996

Economist at Goldman Sachs Group, Morgan Guaranty Trust Company, and Board of Governors of the Federal Reserve System

Education

  • Bachelor of Arts, New College of Florida
  • Doctorate, economics, University of California, Berkeley

Non-listed company boards

  • Member of the Advisory Board of Suade Labs

Other activities and functions

  • Senior Advisor to the Griswold Center for Economic Policy Studies, Princeton University
  • Member of the Group of Thirty
  • Member of the Council on Foreign Relations
  • Chairman of the Bretton Woods Committee Board of Directors
  • Member of the Board of the Council for Economic Education

Non-executive member of the Board since 2021

Photo of Patrick Firmenich
  • Member of the Audit Committee since 2021
  • Member of the Corporate Culture and Responsibility Committee since 2021

Nationality: Swiss | Year of birth: 1962

Patrick Firmenich was Chairman of the Board of Firmenich International SA, a privately owned fragrances and flavorings company, from 2016 to 2023 and its CEO for 12 years. In 2023, he became Vice Chairman of dsm firmenich, a listed company. He has demonstrated his entrepreneurial leadership by significantly advancing the Firmenich group’s global position through organic and in-organic growth and succeeded in transforming the organization to continuously respond to client needs and the market environment. He developed an ambitious sustainability strategy for the group to lead the industry in health, safety and environmental performance. Before joining Firmenich, he held several positions in the legal and banking sectors, including working as an international investment banking analyst.

Professional experience

Professional experience

Years

Role/function

2016 – 2023

Chairman of the Board of Firmenich International SA

2014 – 2016

Vice Chairman of the Board, Firmenich International SA

2002 – 2014

CEO, Firmenich SA, Geneva

2001 – 2002

Corporate Vice President, Special Operations, Firmenich SA, Geneva

1997 – 2001

Vice President Fine Fragrance worldwide and Président Directeur Général, Firmenich & Cie, Paris and Firmenich Inc, New York

1993 – 1997

Vice President Fine Fragrance North America, Firmenich Inc, New York

1990 – 1993

Account Manager, Firmenich & Cie, Paris

1988 – 1989

Analyst, International Investment Banking, Credit Suisse First Boston

1988

Production administrator, Firmenich SA de CV, Mexico

1984 – 1986

Attorney, Business Law, Patry, Junet, Simon & Le Fort, Geneva

Education

  • Master’s degree, law, University of Geneva, admitted to the bar in Geneva
  • MBA, INSEAD Fontainebleau

Listed company boards

  • Vice Chairman of the Board of dsm-firmenich (chair of the Governance and Nomination Committee)

Other activities and functions

  • Member of the Board of Directors of INSEAD and INSEAD World Foundation
  • Member of the Advisory Council of the Swiss Board Institute

Non-executive member of the Board since 2018

Photo of Fred Hu
  • Member of the Governance and Nominating Committee since 2020
  • Member of the Compensation Committee since 2024

Nationality: Chinese | Year of birth: 1963

Fred Hu has been the Chairman and CEO of Primavera Capital Group, an Asia-based private investment firm focused on emerging technology and innovative industries, since founding it in 2010. Prior to that, he was a partner and Chairman for Greater China at Goldman Sachs. Mr. Hu has a profound understanding of China’s economy and rapidly developing financial system, and a vast amount of experience advising and investing in leading firms in the tech, consumer and health-care sectors in China
and globally. He has worked at the IMF and advised the Chinese government on economic policy.
 

Professional experience

Professional experience

Years

Role/function

2010 – date

Founder, Chairman and CEO, Primavera Capital Group, China

2008 – 2010

Partner and Chairman of Greater China, Goldman Sachs

2004 – 2008

Partner and Co-Head, Investment Banking, China, Goldman Sachs

2003 – 2004

Managing Director and Co-Head, Investment Banking, China, Goldman Sachs

2000 – 2003

Managing Director and Chief Economist and Strategist, Greater China, Goldman Sachs

Education

  • Master’s degree, engineering science, Tsinghua University
  • Master’s degree and doctorate, economics, Harvard University

Listed company boards

  • Non-executive Chairman of the Board of Yum China Holdings (chair of the nomination and governance committee)
  • Member of the Board of ICBC (chair of the nomination committee)

Non-listed company boards

  • Chairman of Primavera Capital Ltd

Other activities and functions

  • Trustee of the China Medical Board
  • Co-Chairman of the Nature Conservancy Asia Pacific Council
  • Member of the Board of Trustees, the Institute for Advanced Study

Non-executive member of the Board since 2020

Photo of Mark Hughes
  • Chairperson of the Risk Committee since 2020
  • Member of the Corporate Culture and Responsibility Committee since 2020

Nationality: Canadian, British and American (US) | Year of birth: 1958

Mark Hughes is a highly experienced professional in the financial services sector, having spent more than 35 years working for RBC (the Royal Bank of Canada) in Canada, the US and the UK. In his final role as Group Chief Risk Officer of RBC, he was responsible for the strategic management of risk on an enterprise-wide basis and oversaw all risk functions. During his career, Mr. Hughes has also held senior management positions in the front office and key operational roles. Currently, he is a visiting lecturer at Leeds University and is chair of the Global Risk Institute, bringing an enormous amount of experience as a risk specialist to the Board of Directors of UBS.

Professional experience

Professional experience

Years

Role/function

2014 – 2018

Group Chief Risk Officer and member Group Executive Committee, RBC

2013

Deputy Chief Risk Officer, RBC

2008 – 2013

COO, RBC Capital Markets, RBC

2001 – 2008

Head of Global Credit, RBC

1999 – 2001

Head of Debt Products, RBC

1998 – 1999

Senior Vice President and General Manager USA, RBC

1997 – 1998

Senior Vice President Financial Services, RBC

1982 – 1996

Various positions, RBC

Education

  • Bachelor of Laws (LL.B.), University of Leeds
  • MBA, finance, University of Manchester

Other activities and functions

  • Chair of the Board of Directors of the Global Risk Institute
  • Senior advisor to McKinsey & Company

Non-executive member of the Board since 2024

Photo of Dieter Wemmer
  • Member of the Governance and Nominating Committee since 2024

Nationality: Australian | Year of birth: 1956

Gail Kelly brings more than 35 years of banking experience in South Africa and Australia to the board. She served as the Group CEO and Managing Director for two banks in Australia: St. George Bank, from 2002 to 2007, followed by Westpac Banking Corporation, from 2008 to 2015. During her tenure as CEO, she navigated Westpac through the challenges of the Global Financial Crisis in 2008–2009 and the successful merger with St. George Bank in 2008, the largest in-market financial services merger in Australia. After her executive career, Ms. Kelly continues to hold a portfolio of roles, leveraging her experience and insights as a global leader. She was a Senior Global Advisor for UBS from 2016 to 2023.

Professional experience

Professional experience

Years

Role/function

2008 – 2015

Group CEO and Managing Director, Westpac Banking Corporation

2002 – 2007

Group CEO and Managing Director, St. George Bank

1999 – 2001

Group Executive, Customer Service Division, Commonwealth Bank of Australia

1997 – 1999

Group Manager, Strategic Marketing, Commonwealth Bank of Australia

1990 – 1997

Various General Manager positions, Nedbank Group, South Africa

Education

  • Bachelor of Arts, University of Cape Town
  • MBA, University of Witwatersrand, South Africa

Listed company boards

  • Member of the Board of Singtel Communications (Chairperson of the Executive Resource and Compensation Committee)
  • Member of the Group of Thirty
  • Member of the Board of Directors of the Bretton Woods Committee
  • Member of the Board of Directors of the Australia Philanthropic Services
  • Member of the Australian American Leadership Dialogue Advisory Board
  • Senior advisor to McKinsey & Company

Non-executive member of the Board since 2020

Photo of Nathalie Rachou
  • Member of the Governance and Nominating Committee since 2022
  • Member of the Audit Committee since 2024

Nationality: French | Year of birth: 1957

Nathalie Rachou is a seasoned expert in financial services, having held a number of banking positions, such as CEO of Prime Brokerage and head of a business line in Capital Markets at Crédit Agricole Indosuez in the UK and in France. In 1999, she founded a London-based asset management company that merged with a French asset manager and continued as a senior adviser until 2020. Alongside these roles, Ms. Rachou brings extensive experience from serving as a board member of Société Générale for 12 years and is currently on the boards of two other listed companies, including the pan-European bourse, Euronext N.V.
 

Professional experience

Professional experience

Years

Role/function

2015 – 2020

Senior Advisor, Clartan Associés (formerly Rouvier Associés), France

1999 – 2014

Founding partner and CEO, Topiary Finance Ltd, UK

1996 – 1999

Head of Global Foreign Exchange and Currency Options, Crédit Agricole Indosuez (formerly Banque Indosuez), UK

1991 – 1996

Corporate Secretary and Secretary to the Board of Directors, Crédit Agricole Indosuez, France

1986 – 1991

COO, Carr Futures, France (owned by Banque Indosuez), Crédit Agricole Indosuez, France

1983 – 1986

Head of Asset and Liability Management & Market Risks, Crédit Agricole Indosuez, France

1978 – 1982

Position in Forex Exchange Sales, Crédit Agricole Indosuez, France and UK

Education

  • Master’s degree, management, HEC Paris
  • MBA, INSEAD Fontainebleau

Listed company boards

  • Member of the Board of Euronext N.V. (chair of the remuneration committee)

Non-listed company boards

  • Member of the Board of the African Financial Institutions Investment Platform

Other activities and functions

  • Member of the Board of Directors of Fondation Léopold Bellan

Non-executive member of the Board since 2017

Photo of Julie G. Richardson
  • Chairperson of the Compensation Committee since 2019
  • Member of the Risk Committee since 2017

Nationality: American (US) | Year of birth: 1963

Julie G. Richardson spent more than 25 years on Wall Street as a senior investment banker with a focus on telecom, media and technology. She began her career at Merrill Lynch, before moving to JPMorgan Chase, where she headed the telecommunications, media and technology investment banking group. Later, she moved into private equity, as head of the New York office of Providence Equity Partners. Throughout her career, Ms. Richardson has spent significant time with both incumbent and new technology companies, including being a board member of a digital knowledge management company, a leading cloud monitoring firm and a cyber insurance company.

Professional experience

Professional experience

Years

Role/function

2012 – 2014

Senior advisor, Providence Equity Partners, New York

2003 – 2012

Partner and Head of the New York office, Providence Equity Partners, New York

1998 – 2003

Vice Chairman of the Investment Banking division of JPMorgan Chase & Co. and Head of its Global Telecommunications, Media and Technology group

1986 – 1998

Various positions at Merrill Lynch, final position: Managing Director Media and Communications Investment Banking

Education

  • Bachelor’s degree, business administration, University of Wisconsin-Madison

Listed company boards

  • Member of the Board of Yext (chair of the audit committee)
  • Member of the Board of Datadog (chair of the audit committee)

Non-listed company boards

    • Member of the Board of Fivetran
    • Member of the Board of Coalition, Inc.

    Non-executive member of the Board since 2019

    Photo of Jeanette Wong
    • Member of the Compensation Committee since 2020
    • Member of the Audit Committee since 2019

    Nationality: Singaporean | Year of birth: 1960

    Jeanette Wong has spent more than 30 years working in the financial sector in Singapore. She retired from DBS Group in 2019, where she was Group Executive responsible for the institutional banking business, a post that encompassed corporate banking, global transaction services, strategic advisory, and mergers and acquisitions. Prior to that, she held the position of CFO at DBS Bank. During a 16-year career with JPMorgan, Ms. Wong helped build up its Asia FX, Fixed Income and emerging markets business. She brings extensive experience from serving as a member of the board of directors of two high-value listed companies.

    Professional experience

    Professional experience

    Years

    Role/function

    2008 – 2019

    Group Executive institutional banking business, DBS Bank, Singapore

    2003 – 2008

    CFO, DBS Bank, Singapore

    2003

    Chief Administration Officer, DBS Bank, Singapore

    1997 – 2002

    Country Manager Singapore, JPMorgan, Singapore

    1986 – 1997

    Various roles in Global Markets and Emerging Markets Sales and Trading business, Asia, JPMorgan, Singapore

    1984 – 1986

    Manager, Private Banking, Citibank, Singapore

    1982 – 1984

    Manager, Corporate Banking, Paribas, Singapore

    Education

    • Bachelor’s degree, business administration, the National University of Singapore
    • MBA, University of Chicago

    Listed company boards

    • Member of the Board of Prudential plc
    • Member of the Board of Singapore Airlines Limited

    Non-listed company boards

    • Member of the Board of GIC Pte Ltd
    • Member of the Board of PSA International
    • Member of the Board of Pavilion Capital Holdings Pte Ltd

    Other activities and functions

    • Chairman of the CareShield Life Council
    • Member of the Securities Industry Council
    • Member of the Board of Trustees of the National University of Singapore

    Group Company Secretary

    Group Company Secretary since 2017

    Nationality: Swiss | Year of birth: 1963

    Markus Baumann joined UBS in 1979 as a banking apprentice and has now been with the firm for more than 40 years. He has held a broad range of leadership roles across the Group in Switzerland, the US and Japan, including COO EMEA for Asset Management and COO of Group Internal Audit. Since 2015, he has supported the Chairmen of the Board of Directors as Group Company Secretary and Chief of Staff.

    Professional experience

    Professional experience

    Years

    Role/function

    2017 – date

    Group Company Secretary of UBS Group AG and Company Secretary of UBS AG

    2015 – 2016

    Chief of Staff to the Chairman of the Board of Directors, UBS

    2006 – 2015

    COO, Group Internal Audit, UBS

    2005 – 2006

    Head Global Reporting & Controlling, Global Asset Management, UBS

    2002 – 2004

    Head Management Support CEO EMEA, Global Asset Management, UBS

    1998 – 2002

    COO EMEA, Global Asset Management, UBS

    1979 – 1997

    Various positions, Union Bank of Switzerland

    Education

    • Swiss Federal Diploma as a Business Analyst
    • MBA, INSEAD Fontainebleau

    Other activities and functions

    • Chairman of the Board of Directors of the Savoy Baur en Ville, Zurich