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UBS moves to a lean management structure in Switzerland

Zurich / Basel Media Releases Switzerland

UBS has consolidated the eight regions it serves in Switzerland to four and strengthened the position of those responsible for client services.

UBS has integrated the eight regions it previously served in Switzerland into four. They are the regions "Western Switzerland," under the leadership of Jean-François Beausoleil; "Central Plateau, Northern and Central Switzerland," under Roger von Mentlen; "Zurich," led by Thomas Ulrich; and "Eastern Switzerland and Ticino," headed by Stefan Bodmer. The changes are valid immediately.

The organization consists of around 300 UBS branch offices in Switzerland and roughly 30 existing market areas. The market area leaders ensure that UBS stays committed to and strongly anchored in every Swiss region, both in the economic and societal sense. They also serve as contact persons for local organizations and authorities.

Franco Morra, CEO Switzerland, said, "We are tackling the upcoming challenges of the Swiss market with a leaner top management structure. In the regions, we are strengthening the identity of UBS as a Swiss bank. UBS is doing everything it can to again be a reliable and predictable partner for each client in Switzerland. We want to provide simple, comprehensive products and services for account and payment, mortgage and wealth management clients as well as small and mid-sized companies."

Manuel Leuthold, the current head of the Western Switzerland region, will head the private client function. Fulvio Micheletti remains in charge of the small and mid-sized companies business. The wealth management function will be led by Walter Arnold, who previously had a top role in the international wealth management business.