Executive Board

Under the leadership of the President of the Executive Board, the Executive Board (EB) has executive management responsibility for UBS AG and its business. It assumes overall responsibility for the development of UBS AG and its business division strategies and the implementation of the approved strategies.

All EB members (with the exception of the President of the EB) are proposed by the President of the EB. The appointments are approved by the BoD.


President of the Executive Board

Member of the Executive Board since 2020

Nationality: Dutch | Year of birth: 1966

Ralph Hamers has been Group CEO of UBS Group AG and President of the Executive Board of UBS AG since November 2020. Before joining UBS, he served as CEO and Chairman of the Executive Board of ING Group. During his time as CEO of ING, he steered the bank to profitability after the financial crisis and supported the firm’s digital transformation. He also played a leading role in driving sustainability efforts in the financial industry, and firmly continues to do so.

Professional experience

Professional experience

2020 – date

Group CEO of UBS Group AG and President of the Executive Board of UBS AG

2013 – 2020

CEO and Chairman of the Executive Board, ING Supervisory Board member of NN Group (2014 – 2015); Management Board Banking and Management Board NN Group (2013 – 2014)

2011 – 2013

CEO of ING Belgium and Luxembourg, ING

2010 – 2011

Head of Network Management for Retail Banking Direct & International, ING

2007 – 2010

Global Head of the Commercial Banking network, ING

2005 – 2007

CEO of ING Bank Netherlands, ING

2002 – 2005

General Manager of the ING Bank branch network, ING

1999 – 2002

General Manager of ING Romania, ING

Education

  • Master’s degree, business econometrics and operations research, Tilburg University

Other activities and functions

  • Member of the Board of the Swiss-American Chamber of Commerce
  • Member of the Institut International d’Etudes Bancaires
  • Member of the IMD Foundation Board
  • Member of the McKinsey Advisory Council
  • Member of the World Economic Forum International Business Council
  • Governor of the Financial Services/Banking Community of the World Economic Forum
  • Member of the International Advisory Panel, Monetary Authority of Singapore

Chief Risk Officer

Member of the Executive Board since 2016

Christian Bluhm

Nationality: German | Year of birth: 1969

Christian Bluhm has been Group Chief Risk Officer since 2016. He held several positions in academia before starting his banking career in 1999 with Deutsche Bank in credit risk management, and subsequently working for Hypovereinsbank and Credit Suisse in the same area. Before joining UBS, he used his expertise and skills as Chief Risk & Financial Officer at FMS Wertmanagement. Mr. Bluhm is responsible for the development of the Group’s risk management and control framework for various risk categories and implementation of its independent control frameworks.

Professional experience

Professional experience

2016 – date

Group Chief Risk Officer of UBS Group AG and Chief Risk Officer of UBS AG

2012 – 2015

Spokesman of the Executive Board, FMS Wertmanagement

2010 – 2015

Chief Risk & Financial Officer, FMS Wertmanagement

2004 – 2009

Managing Director, Credit Risk Management (Switzerland and Private Banking worldwide), Credit Suisse

2008 – 2009

Head Credit Risk Management Analytics & Instruments, Credit Suisse

2004 – 2008

Head of Credit Portfolio Management, Credit Suisse

2001 – 2004

Head Structured Finance Analytics, Group Credit Portfolio Management, Hypovereinsbank

1999 – 2000

Credit Risk Management, Deutsche Bank

Education

  • Master’s degree, mathematics and informatics, and doctorate, mathematics, University of Erlangen-Nuremberg

Non-listed company boards

  • Chairman of the Board of Christian Bluhm Photography AG

Other activities and functions

  • Member of the Board of UBS Switzerland AG
  • Member of the Foundation Board of the UBS Pension Fund
  • Member of the Foundation Board International Financial Risk Institute

Chief Digital and Information Officer

Member of the Executive Board since 2021

Nationality: British | Year of birth: 1977

Mike Dargan was appointed Group Chief Digital and Information Officer (CDIO) in May 2021. The Group CDIO organization consists of the Group Technology teams and Group Corporate Services. In October 2021, he took up the additional role of UBS GEB sponsor to co-lead the AI, Data and Analytics center of expertise, along with Robert Karofsky. From his former roles at Standard Chartered Bank, Mr. Dargan brings proven experience in technology strategy and operations.

Professional experience

Professional experience

May 2021 – date

Group CDIO, UBS Group AG and UBS AG

Oct. 2021 – date

President of the Executive Board, UBS Business Solutions AG

2016 – 2021

Head Group Technology, UBS

2015 – 2016

CIO for Corporate and Institutional Banking, Standard Chartered Bank

2014 – 2015

Global Group Technology and Operations Head for Global Markets, Wealth Management, Private Banking and Securities Services, Group Technology and Operations Engineering, Standard Chartered Bank

2013 – 2014

CIO for Financial Markets, Standard Chartered Bank

2009 – 2013

Global Head of Strategy and Corporate M&A, Global Markets, Standard Chartered Bank

2005 – 2009

Head Corporate Strategy & M&A, EMEA and Pacific Rim, Merrill Lynch

1999 – 2005

Head of Corporate and Institutional Banking Practice, Asia Pacific, Oliver Wyman

Education

  • Master’s degree, politics, philosophy and economics, St. John’s College, Oxford University

Non-listed company boards

  • Member of the Board of Directors of Done Next Holdings AG

Other activities and functions

  • Member of the Board of UBS Business Solutions AG
  • Member of the Board of Trustees of the Inter-Community School Zurich
  • Member of the Board of Governors of the International Baccalaureate

 


President Asset Management

Member of the Executive Board since 2019

Nationality: American (US) | Year of birth: 1962

Suni Harford was appointed President Asset Management in 2019 and is the Chair of UBS Optimus Foundation. Ms. Harford has been the UBS GEB lead for Sustainability and Impact since May 2021. She started her Wall Street career at Merrill Lynch & Co., in investment banking, before embarking on a 24-year career at Citigroup Inc., the last nine years of which she was the Regional Head of Markets for North America. Ms. Harford then joined UBS, bringing with her a broad experience from across the industry, including in research, client coverage and risk management, and successfully led UBS Asset Management’s integrated investments capabilities, driving performance for its clients.

Professional experience

Professional experience

2019 – date

President Asset Management, UBS Group AG and UBS AG

2017 – 2019

Head of Investments, Asset Management, UBS

2008 – 2017

Regional Head of Markets for North Americas, Citigroup Inc.

2004 – 2008

Global Head of Fixed Income Research, Citigroup Inc.

Education

  • Bachelor’s degree, physics and mathematics, Denison University, Ohio
  • MBA, Tuck School of Business, Dartmouth College

Other activities and functions

  • Chairman of the Board of Directors of UBS Asset Management AG
  • Chair of the Board of UBS Optimus Foundation
  • Member of the Leadership Council of the Bob Woodruff Foundation

President Investment Bank

Member of the Executive Board since 2018

Robert Karofsky

Nationality: American (US) | Year of birth: 1967

Robert Karofsky was appointed Co-President of the Investment Bank in 2018. He became sole President in April 2021. Before joining UBS, he acquired know-how in investment banking as an analyst and trader, working for various financial institutions such as Morgan Stanley, Deutsche Bank, and AllianceBernstein. He then became Global Head of Equities at UBS, responsible for driving UBS’s growth strategy for equities globally. In October 2021, Mr. Karofsky was appointed to the additional role of UBS GEB sponsor to co-lead the AI, Data and Analytics center of expertise, along with Mike Dargan.

Professional experience

Professional experience

Apr. 2021 – date

President Investment Bank, UBS Group AG and UBS AG

2018 – Mar. 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

1994 – 2005

Head of North American Trading, Morgan Stanley

Education

  • Bachelor’s degree, economics, Hobart and William Smith Colleges
  • MBA, finance and statistics, University of Chicago’s Booth School of Business

Other activities and functions

  • Member of the Board of UBS Americas Holding LLC
  • Member of the Board of UBS Optimus Foundation
  • Trustee of the UBS Americas Inc. Political Action Committee

Co-President Global Wealth Management and President UBS Europe, Middle East and Africa

Member of the Executive Board since 2019

Nationality: Swiss | Year of birth: 1976

Iqbal Khan has been Co-President Global Wealth Management, which he leads with Tom Naratil, since 2019. He was appointed President UBS EMEA in February 2021. Mr. Khan joined Ernst & Young (EY) in 2001, holding many leadership positions and becoming the youngest ever partner of the firm’s Swiss arm; when leaving EY, he was lead auditor of UBS. In 2013, he moved to Credit Suisse, holding senior leadership positions as CFO Private Banking & Wealth Management and later CEO International Wealth Management.

Professional experience

Professional experience

2019 – date

Co-President Global Wealth Management, UBS Group AG and UBS AG

Feb. 2021 – date

President UBS EMEA, UBS Group AG and UBS AG

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 (EY)

2009 – 2011

Industry Lead Partner Banking and Capital Markets, Switzerland and EMEA Private Banking, EY

2001 – 2009

Various positions in EY

Education

  • Swiss Certified Public Accountant
  • Advanced Master of International Business Law degree (LLM), University of Zurich

Other activities and functions

  • Member of the Supervisory Board of UBS Europe SE
  • Member of the Board of UBS Optimus Foundation
  • Member of the Board of Room to Read Switzerland

President UBS Asia Pacific

Member of the Executive Board since 2019

Nationality: Singaporean | Year of birth: 1960

Edmund Koh has been President UBS Asia Pacific since 2019. He is a financial sector veteran, with more than 30 years in senior roles in financial services, including as Head Wealth Management Asia Pacific, Country Head Singapore and Head Wealth Management South East Asia and Asia Pacific Hub for UBS. Before working for DBS Bank in Singapore, Mr. Koh was CEO for Prudential Assurance and Alverdine Pte Ltd, both companies based in Singapore. He joined UBS from Taiwan-based Ta Chong Bank, where he served as President and Director.

Professional experience

Professional experience

2019 – date

President UBS Asia Pacific at UBS Group AG and UBS AG

2016 – 2018

Head Wealth Management Asia Pacific, UBS

2012 – 2018

Country Head Singapore, UBS

2012 – 2015

Head Wealth Management South East Asia and Asia Pacific Hub, UBS

2008 – 2012

President and Director, Ta Chong Bank, Taiwan

2001 – 2008

Managing Director and Regional Head, Consumer Banking Group, DBS Bank, Singapore

Education

  • Bachelor’s degree, psychology, University of Toronto

Non-listed company boards

  • Member of the Board of Trustees of the Wealth Management Institute, Singapore
  • Member of the Board of Next50 Limited, Singapore
  • Member of the Board of Medico Suites (S) Pte Ltd

Other activities and functions

  • Member of a sub-committee of the Singapore Ministry of Finance’s Committee on the Future Economy
  • Member of the Financial Centre Advisory Panel of the Monetary Authority of Singapore
  • Council member of the Asian Bureau of Finance and Economic Research
  • Trustee of the Cultural Matching Fund, Singapore
  • Member of University of Toronto’s International Leadership Council for Asia

Group General Counsel

Member of the Executive Board since 2021

Barbara Levi

Nationality: Italian | Year of birth: 1971

Barbara Levi has been Group General Counsel since November 2021. A qualified attorney-at-law, she has been admitted to the Supreme Court of the United States, the New York State bar and the bar of Milan, Italy, and has worked in several law firms in New York and Milan. 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. Before joining UBS, she served as Chief Legal Officer & External Affairs at Rio Tinto Group and, before that, as General Counsel. In both roles, she was a member of that company’s executive committee.

Professional experience

Professional experience

Nov. 2021 – date

Group General Counsel for UBS Group AG and 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

  • Master’s degree, law, University of Milan
  • LL.M., banking, corporate and finance law, Fordham University School of Law, New York

Other activities and functions

  • Member of the Employers’ Board of the Global Institute for Women’s Leadership, King’s College London
  • Member of the Board of Directors of the European General Counsel Association

Co-President Global Wealth Management and President UBS Americas

Member of the Executive Board since 2011

Nationality: American (US) | Year of birth: 1961

Tom Naratil has been Co-President Global Wealth Management since 2018, which he leads with Iqbal Khan. He also is CEO of UBS Americas Holding LLC. He started his career in finance in 1983, when he joined the brokerage firm Paine Webber Jackson & Curtis, and is an experienced veteran in the banking sector. UBS acquired Paine Webber in 2000; since then, Mr. Naratil has held various senior management positions at UBS Group, including CFO and COO. He served as President Wealth Management Americas from 2016 and was also appointed President UBS Americas at UBS Group AG and UBS AG in 2016.

Professional experience

Professional experience

2018 – date

Co-President Global Wealth Management, UBS Group AG and UBS AG

2016 – date

President UBS Americas, UBS Group AG and UBS AG

2016 – date

CEO of UBS Americas Holding LLC

2016 – 2018

President Wealth Management Americas, UBS

2015 – 2016

President of the Executive Board, UBS Business Solutions AG

2014 – 2015

Group COO, UBS

2011 – 2015

Group CFO, UBS

2009 – 2011

CFO and Chief Risk Officer, Wealth Management Americas, UBS

1983 – 2009

Various positions at PaineWebber and UBS

Education

  • Bachelor’s degree, history, Yale University
  • MBA, economics, New York University

Other activities and functions

  • Member of the Board of UBS Americas Holding LLC
  • Member of the Board of the American Swiss Foundation
  • Member of the Board of Ownership Works Inc.

Chief Compliance and Governance Officer

Member of the Executive Board since 2018

Markus Ronner

Nationality: Swiss | Year of birth: 1965

Markus Ronner has been Group Chief Compliance and Governance Officer since 2018. He has been with UBS for 40 years and held various positions across the firm, including manager of the Group-wide too-big-to-fail program, COO Wealth Management & Swiss Bank, Head Products and Services of Wealth Management & Swiss Bank, COO Asset Management, and Head Group Internal Audit. In his current position, he is responsible at the Group level for compliance and operational risk control, governmental and regulatory affairs, as well as investigations and governance matters.

Professional experience

Professional experience

2018 – date

Group Chief Compliance and Governance Officer, UBS Group AG and UBS AG

2012 – 2018

Head Group Regulatory and Governance, UBS

2011 – 2013

Manager Group-wide too-big-to-fail program, UBS

2010 – 2011

COO Wealth Management & Swiss Bank, UBS

2009 – 2010

Head Products and Services of Wealth Management & Swiss Bank, UBS

2007 – 2009

COO Asset Management, UBS

2001 – 2007

Head Group Internal Audit, UBS

Education

  • Swiss Banking Diploma

Other activities and functions

  • Chairman of the Board of Directors UBS Switzerland AG

Chief Financial Officer

Member of the Executive Board since 2022

Sarah Youngwood

Nationality: American (US) and French | Year of birth: 1974

Sarah Youngwood became Group CFO in May 2022. Before joining UBS, Ms. Youngwood was CFO for JPMorgan Chase Consumer & Community Banking. In 2020, she took on responsibilities as CFO for Firmwide Technology and CFO for Diversity & Inclusion, including setting up the data and reporting infrastructure for that company’s USD 30 billion racial equity commitments. Prior to joining Consumer & Community Banking in 2016, Ms. Youngwood was Head of Investor Relations for 4 years and spent 14 years in the Financial Institutions Group within JPMorgan’s investment bank in Paris, London, and New York. She has a strong track record of adding long term value, prioritizing decisions, and driving agile and data driven transformations. She also has in-depth finance expertise and experience across a wide range of finance, investment, and banking businesses.

Professional experience

Professional experience

May 2022

Group CFO, UBS Group AG and UBS AG

Mar. 2022 – date

Member of the GEB, UBS

2020 – 2022

CFO, Consumer & Community Banking and Diversity & Inclusion, incl. Global Technology, JPMorgan Chase

2016 – 2020

CFO, Consumer & Community Banking, JPMorgan Chase

2012 – 2016

Head of Investor Relations, JPMorgan Chase

1997 – 2012

Investment Bank, Financial Institutions Group, JPMorgan Chase, Paris, London and New York

Education

  • Master’s degree in Business and Finance, ESCP Business School

Other activities and functions

  • Member of the Board of UBS Business Solutions AG
  • Advisory Board Member – Wall Street Women’s Alliance

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