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
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
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 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.
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)
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 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.
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 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
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
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
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.
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 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
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.
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.
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
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
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
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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