Tokyo, May 17, 2024 - UBS Asset Management today announced that Keith Truelove, Co-head of UBS Japan Securities Co., Ltd.’s Global Markets business since 2020, will become President of UBS Asset Management (Japan) Ltd. The appointment becomes effective June 1, 2024, and is subject to shareholder approval. Keiichi Miki, who has headed UBS Asset Management Japan since 2014, will retire after an accomplished four-decade career in Japanese and international finance.

Truelove has served more than 15 years in an array of UBS Investment Bank leadership roles in Japan and the United States, focused primarily on institutional client coverage across a full range of asset classes. His financial industry career also includes positions at Morgan Stanley, Mizuho Securities, and SMBC Nikko Securities.

Andy Toscan, Head of Institutional Client Coverage, UBS Asset Management, commented, “We are delighted to welcome Keith to Asset Management. I am confident that our clients will benefit from Keith’s extensive knowledge and network that he has built over the past 25 years working with institutions active in Japan.” He added, “We owe our sincere gratitude to Keiichi Miki for all he has done to build and shape our business in Japan. UBS Asset Management is positioned well to grow in the years ahead.”

Upon Truelove’s transition to the Asset Management division, UBS’s Global Markets business will be jointly led by Naohiro Kuroda, current Co-Head, as well as Sean McCarthy, who currently heads Execution Services and Financing.