Board Committees

Audit Committee

Members

Chairperson

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

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

Other activities and functions

  • Trustee of the UK’s Productivity Leadership Group
  • Trustee of Kingham Hill Trust
  • Trustee of St. Helen’s Bishopsgate

Members

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 has been Chairman of the Board of Firmenich International SA, the world’s largest privately owned fragrances and flavorings company, since 2016, after leading the company as CEO during a 12-year tenure. He demonstrated his entrepreneurial leadership by significantly advancing the Firmenich group’s global position through organic and in-organic growth and successfully continuously transformed the organization to 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

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

Non-listed company boards

  • Chairman of Firmenich SA
  • Member of the Board of Jacobs Holding AG

Other activities and functions

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

Dieter Wemmer

  • Member of the Audit Committee since 2019
  • Member of the Compensation Committee since 2018

Nationality: Swiss and German | Year of birth: 1957

Dieter Wemmer began his esteemed career in the insurance sector with the Zurich Group in 1986, retiring in 2017 as CFO of Allianz. As a long-serving CFO of two large multi-national companies in the financial services sector, he brings deep experience across a broad range of highly relevant topics to the table. Mr. Wemmer brings to the BoD knowledge covering accounting, finance and audit, including capital markets, investments, risk management, as well as asset management. His know-how includes hands-on experience in M&A and management of large organizations with a dedication to strategy.

Professional experience

Professional experience

2013 – 2017

CFO, Allianz SE

2012 – 2013

Member of the Board of Management, responsible for the insurance business in France, Benelux, Italy, Greece and Turkey and for the “Global Property & Casualty” Center of Competence, Allianz SE

2007 – 2011

CFO, Zurich Insurance Group

2010 – 2011

Regional Chairman of Europe, Zurich Insurance Group

2004 – 2007

CEO of the Europe General Insurance business and member of Zurich’s Group Executive Committee, Zurich Insurance Group

2003 – 2004

COO of Europe General Insurance, Zurich Insurance Group

1999 – 2003

Head of Mergers and Acquisitions, Zurich Insurance Group

1997 – 1999

Head of Financial Controlling, Zurich Insurance Group

Education

  • Master’s degree and doctorate, mathematics, University of Cologne

Listed company boards

  • Member of the Board of Ørsted A/S (chair of the audit and risk committee)

Non-listed company boards

  • Chairman of Marco Capital Holdings Limited, Malta and subsidiaries

Other activities and functions

  • Member of the Berlin Center of Corporate Governance

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 which 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 and emerging markets business. She brings extensive experience from serving as a member of the board of directors of two highly valued listed companies.

Professional experience

Professional experience

2008 – 2019

Group Executive institutional banking business, DBS Bank, Singapore

2003 – 2008

CFO, DBS Bank

2003

Chief Administration Officer, DBS Bank, Singapore

1997 – 2002

Country Manager Singapore, JPMorgan Chase, Singapore

1986 – 1997

Various roles in Global Markets and Emerging Markets Sales and Trading business, Asia, JPMorgan Chase, 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 Risk Committee of GIC Pte Ltd
  • Member of the Board of Jurong Town Corporation
  • Member of the Board of PSA International

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

Responsibilities

The function of the Audit Committee is to support the Board in fulfilling:

  • its oversight duty relating to financial reporting and internal controls over financial reporting
  • the effectiveness of the external and internal audit functions, and
  • the effectiveness of whistleblowing procedures.

Management is responsible for the preparation, presentation and integrity of the financial statements, while the external auditors are responsible for auditing financial statements. The Audit Committee’s responsibility is one of oversight and review.

The Committee operates under the Audit Committee Charter as described in the Organization Regulations.


Compensation Committee

Members

Chairperson

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, 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 and a leading cloud monitoring firm.

Professional experience

Professional experience

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 position 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.

    Members

    Dieter Wemmer

    • Member of the Audit Committee since 2019
    • Member of the Compensation Committee since 2018

    Nationality: Swiss and German | Year of birth: 1957

    Dieter Wemmer began his esteemed career in the insurance sector with the Zurich Group in 1986, retiring in 2017 as CFO of Allianz. As a long-serving CFO of two large multi-national companies in the financial services sector, he brings deep experience across a broad range of highly relevant topics to the table. Mr. Wemmer brings to the BoD knowledge covering accounting, finance and audit, including capital markets, investments, risk management, as well as asset management. His know-how includes hands-on experience in M&A and management of large organizations with a dedication to strategy.

    Professional experience

    Professional experience

    2013 – 2017

    CFO, Allianz SE

    2012 – 2013

    Member of the Board of Management, responsible for the insurance business in France, Benelux, Italy, Greece and Turkey and for the “Global Property & Casualty” Center of Competence, Allianz SE

    2007 – 2011

    CFO, Zurich Insurance Group

    2010 – 2011

    Regional Chairman of Europe, Zurich Insurance Group

    2004 – 2007

    CEO of the Europe General Insurance business and member of Zurich’s Group Executive Committee, Zurich Insurance Group

    2003 – 2004

    COO of Europe General Insurance, Zurich Insurance Group

    1999 – 2003

    Head of Mergers and Acquisitions, Zurich Insurance Group

    1997 – 1999

    Head of Financial Controlling, Zurich Insurance Group

    Education

    • Master’s degree and doctorate, mathematics, University of Cologne

    Listed company boards

    • Member of the Board of Ørsted A/S (chair of the audit and risk committee)

    Non-listed company boards

    • Chairman of Marco Capital Holdings Limited, Malta and subsidiaries

    Other activities and functions

    • Member of the Berlin Center of Corporate Governance

    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 which 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 and emerging markets business. She brings extensive experience from serving as a member of the board of directors of two highly valued listed companies.

    Professional experience

    Professional experience

    2008 – 2019

    Group Executive institutional banking business, DBS Bank, Singapore

    2003 – 2008

    CFO, DBS Bank

    2003

    Chief Administration Officer, DBS Bank, Singapore

    1997 – 2002

    Country Manager Singapore, JPMorgan Chase, Singapore

    1986 – 1997

    Various roles in Global Markets and Emerging Markets Sales and Trading business, Asia, JPMorgan Chase, 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 Risk Committee of GIC Pte Ltd
    • Member of the Board of Jurong Town Corporation
    • Member of the Board of PSA International

    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

    Responsibilities

    The Compensation Committee is responsible for:

    • supporting the Board in its duties to set guidelines on compensation and benefits,
    • approving the total compensation for the Chairman and the non-independent Board members,
    • proposing, upon proposal of the Chairman, financial and non-financial performance targets and objectives for the Group CEO for approval by the Board and reviewing, upon the proposal of the Group CEO, the performance framework for the other GEB members,
    • proposing, upon proposal of the Chairman, the Group CEO’s performance assessment for approval by the Board, as well as informing the Board of the performance assessments of all GEB members, including the Group CEO,
    • proposing, upon proposal of the Chairman, the total compensation for the Group CEO for approval by the Board; and
    • proposing, upon proposal of the Group CEO, the individual total compensation for the other GEB members for approval by the Board.

    The shareholders elect each member of the Compensation Committee on an annual basis at the Annual General Meeting.  

    The Committee operates under the Compensation Committee Charter as described in the Organization Regulations.


    Corporate Culture and Responsibility Committee

    Members

    Chairperson

    Colm Kelleher

    • 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. Until retiring from that firm in 2019, he served as President of Morgan Stanley, 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 of 2007 to 2009, he held the position of CFO and Co-Head Corporate Strategy. 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

    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, Oxford University
    • 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 risk and finance 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 Americans for Oxford
    • Member of the Oxford Chancellor’s Court of Benefactors
    • Member of the Advisory Council of the British Museum
    • Member of the International Advisory Council of the China Securities Regulatory Commission
    • Member of the European Financial Services Round Table
    • Member of the European Banking Group
    • Member of the International Monetary Conference

    Members

    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 in Germany in 2001 and subsequently held various global management positions in the legal sector in Switzerland. Ms. Böckstiegel brings a wealth of know-how in a highly regulated sector. Her responsibilities at Roche Holding AG include a broad range of additional topics, such as safety, health & environment, patents, audit and risk advisory, compliance and sustainability.

    Professional experience

    Professional experience

    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

    Other activities and functions

    • None

    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

    2009 – 2018

    President and CEO, Federal Reserve Bank of New York, USA

    2007 – 2009

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

    2006

    Senior advisor (part-time), Goldman Sachs Group, USA

    2002 – 2005

    Partner and Director US Economic Research Group, Goldman Sachs Group, USA

    1996 – 2002

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

    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 Board of Treliant LLC

    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

    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 has been Chairman of the Board of Firmenich International SA, the world’s largest privately owned fragrances and flavorings company, since 2016, after leading the company as CEO during a 12-year tenure. He demonstrated his entrepreneurial leadership by significantly advancing the Firmenich group’s global position through organic and in-organic growth and successfully continuously transformed the organization to 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

    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

    Non-listed company boards

    • Chairman of Firmenich SA
    • Member of the Board of Jacobs Holding AG

    Other activities and functions

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

    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 veteran in the financial services sector, having spent more than 35 years working for the Royal Bank of Canada (RBC) in Canada, in 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

    2014 – 2018

    Group Chief Risk Officer and member Group Executive Committee, Royal Bank of Canada (RBC)

    2013

    Deputy Chief Risk Officer, RBC

    2008 – 2013

    Chief Operating Officer, 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
    • Visiting lecturer at the University of Leeds
    • Senior advisor to McKinsey & Company

    Responsibilities

    The Corporate Culture and Responsibility Committee supports the Board in its duties to safeguard and advance the Group’s reputation for responsible and sustainable conduct. Its function is forward-looking in that it monitors and reviews societal trends and transformational developments and assesses their potential relevance for the Group.

    In undertaking this assessment, it reviews stakeholder concerns and expectations pertaining to the societal performance of UBS and to the development of its corporate culture. The Corporate Culture and Responsibility Committee’s function also encompasses the monitoring of the current state and implementation of the programs and initiatives within the Group pertaining to corporate culture and corporate responsibility.

    The majority of the Corporate Culture and Responsibility Committee members must be independent. The Corporate Culture and Responsibility Committee is advised and supported by a number of senior business representatives.

    Permanent guests

    • Ralph Hamers, Group Chief Executive Officer
    • Christian Bluhm, Group Chief Risk Officer
    • Suni Harford, President Asset Management and GEB sponsor for Sustainability and Impact
    • Barbara Levi, Group General Counsel
    • Michael Baldinger, Chief Sustainability Officer

    The Committee operates under the Corporate Culture and Responsibility Committee Charter as described in the Organization Regulations.


    Governance and Nominating Committee

    Members

    Chairperson

    Colm Kelleher

    • 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. Until retiring from that firm in 2019, he served as President of Morgan Stanley, 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 of 2007 to 2009, he held the position of CFO and Co-Head Corporate Strategy. 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

    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, Oxford University
    • 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 risk and finance 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 Americans for Oxford
    • Member of the Oxford Chancellor’s Court of Benefactors
    • Member of the Advisory Council of the British Museum
    • Member of the International Advisory Council of the China Securities Regulatory Commission
    • Member of the European Financial Services Round Table
    • Member of the European Banking Group
    • Member of the International Monetary Conference

    Members

    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

    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

    Other activities and functions

    • Trustee of the UK’s Productivity Leadership Group
    • Trustee of Kingham Hill Trust
    • Trustee of St. Helen’s Bishopsgate

    • Member of the Governance and Nominating Committee since 2020

    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, building the firm’s Asia Pacific franchise. Mr. Hu has a profound understanding of China’s economy and rapidly developing financial system, and 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

    2010 – date

    Founder, Chairman & 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

    1997 – 2003

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

    1996 – date

    Co-Director, the National Center for Economic Research

    1996 – date

    Adjunct Professor, Economics, Tsinghua University

    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

    Non-listed company boards

    • Chairman of Primavera Capital Ltd

    Other activities and functions

    • Trustee of the China Medical Board
    • Governor of the Chinese International School in Hong Kong SAR
    • Co-Chairman of the Nature Conservancy Asia Pacific Council
    • Member of the Board of Trustees, the Institute for Advanced Study
    • Director and member of the Executive Committee of China Venture Capital and Private Equity Association Ltd.

    Nathalie Rachou

    • Member of the Governance and Nominating Committee since 2022
    • Member of the Risk Committee since 2020

    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

    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)
    • Member of the Board of Veolia Environnement SA (chair of the audit committee)

    Non-listed company boards

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

    Responsibilities

    The function of the Governance and Nominating Committee is to support the Board in fulfilling its duty to establish best practices in corporate governance across the Group, including conducting a Board assessment, establishing and maintaining a process for appointing new Board and GEB members, as well as for the annual performance assessment of the Board.

    The Committee operates under the Governance and Nominating Committee Charter as described in the Organization Regulations.


    Risk Committee

    Members

    Chairperson

    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 veteran in the financial services sector, having spent more than 35 years working for the Royal Bank of Canada (RBC) in Canada, in 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

    2014 – 2018

    Group Chief Risk Officer and member Group Executive Committee, Royal Bank of Canada (RBC)

    2013

    Deputy Chief Risk Officer, RBC

    2008 – 2013

    Chief Operating Officer, 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
    • Visiting lecturer at the University of Leeds
    • Senior advisor to McKinsey & Company

    Members

    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

    2009 – 2018

    President and CEO, Federal Reserve Bank of New York, USA

    2007 – 2009

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

    2006

    Senior advisor (part-time), Goldman Sachs Group, USA

    2002 – 2005

    Partner and Director US Economic Research Group, Goldman Sachs Group, USA

    1996 – 2002

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

    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 Board of Treliant LLC

    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

    Nathalie Rachou

    • Member of the Governance and Nominating Committee since 2022
    • Member of the Risk Committee since 2020

    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

    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)
    • Member of the Board of Veolia Environnement SA (chair of the audit committee)

    Non-listed company boards

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

    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, 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 and a leading cloud monitoring firm.

    Professional experience

    Professional experience

    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 position 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.

      Responsibilities

      The function of the Risk Committee is to oversee and support the Board in fulfilling its duty to set and supervise an appropriate risk management and control framework in the areas of:

      • financial and non-financial risks; and
      • balance sheet, treasury and capital management, including funding, liquidity and equity attribution.

      The Risk Committee considers the potential effects of the aforementioned risks on the Group’s reputation.

      The Committee operates under the Risk Committee Charter as described in the Organization Regulations.


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