UBS Group nominates Colm Kelleher for election to its Board of Directors as next Chairman alongside Lukas Gähwiler as Vice-Chairman

– SWITZERLAND, Zurich –  UBS Group AG (SWX: UBSN | NYSE: UBS) today announced the nomination of Colm Kelleher for election to its Board of Directors as Chairman at the AGM on 6 April 2022, to succeed Axel Weber.

Lukas Gähwiler has also been nominated for election as Vice-Chairman to succeed Jeremy Anderson who will remain Senior Independent Director.

“Colm brings valuable expertise in banking to the Board and I’m looking forward to working with him to further shaping the future of UBS. I’m also pleased that Lukas has accepted the nomination as Vice-Chairman. His leadership and industry experience across all parts of the banking business combined with his strong connections and network particularly in Switzerland are important for the bank.” said CEO, CEO Ralph Hamers.

About Colm Kelleher

Colm Kelleher retired from Morgan Stanley in June 2019 as President of the firm overseeing both the Institutional Securities Business and Wealth Management. Previously, he was Co-President and then President of Morgan Stanley Institutional Securities from 2010 to 2015 and CFO and co-head of Corporate Strategy from 2007 to 2009, and served as Morgan Stanley’s head of Global Capital Markets from 2006 to 2007.

Colm Kelleher said, “UBS is a dynamic financial services provider with strong roots in Switzerland and an impressive global client franchise in the markets that matter most. Being able to help shape the bank’s future is a great privilege, and I look forward to working together with the Board, CEO Ralph Hamers and the whole team at UBS. UBS’s brand, client base, and leading capabilities across many fields in finance provide an excellent basis for further growth.”

He holds an MA in Modern History from Oxford University and is a Fellow of the Institute of Chartered Accountants.

About Lukas Gähwiler

Lukas Gähwiler, born in 1965, currently serves as Chairman of the Board of UBS Switzerland AG, after having been a member of the Group Executive Board of UBS Group AG and UBS AG and President UBS Switzerland from 2010 to 2016. He brings a wealth of industry experience and in-depth understanding of UBS to the Board of Directors. As Vice-Chairman, part of his remit will be to represent UBS in Switzerland’s most important associations, financial industry organizations, and in political interactions. If elected, he will step down as Chairman of the Board of UBS Switzerland AG.

Lukas Gähwiler commented, “I am pleased about my nomination and proud to serve UBS as Vice Chairman. UBS’s strong global footprint and reach are founded on our success in our Swiss home market, which is close to my heart. I look forward to further contributing to UBS’s global strength and I’m honored to represent the bank in Switzerland’s most important industry and economic associations as well as in interactions with various political stakeholders.”

About Jeremy Anderson

Jeremy Anderson will continue in his role as Senior Independent Director, having chaired the Audit Committee since 2018 and being a member of the Governance and Nominating Committee since 2019. As Senior Independent Director, he has been instrumental in seamlessly leading the Chairman succession process, bringing it to a successful close with the nominations announced today.

Jeremy Anderson commented, “I’m delighted that Colm Kelleher, will become our next Chair, to build on UBS’s strong foundation. He is one of the most respected leaders in the financial services industry. He brings experience across all the geographic regions and major business areas in which we operate. At the same time, I’m very pleased that Lukas will be joining the Board. He has been instrumental in various roles for the success of UBS. If elected as Vice Chairman, Lukas will be contributing to the Board’s expertise and strengthen the bank’s deep and historic Swiss roots.”

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