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UBS names CIO of wealth, private bank operations.

Global Banking News-June 3, 2014--UBS names CIO of wealth, private bank operations

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Global Banking News - 03 June 2014

UBS AG (NYSE: UBS) (ZHR: UBSN) (UBSN.VX), Switzerland's second-largest bank by assets, has said that it has appointed Mark Haefele as chief investment officer of its wealth-management and private-banking operations, succeeding Alexander Friedman, according to a WSJ report.

Haefele has previously reported to Friedman, who is leaving the Zurich-based bank. Haefele joined UBS in 2011. Prior to joining the bank, he was a managing director at Matrix Capital Management.

UBS' wealth management arm oversees nearly CHF899bn (USD990bn) in assets, while its Americas wealth management business looks after USD987bn. The bank is planning to expand in emerging markets and Asia, the report said.

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Publication:Global Banking News (GBN)
Date:Jun 3, 2014
Words:150
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