Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. UBS Group AG
  6. News
  7. Summary
    UBSG   CH0244767585

UBS GROUP AG

(UBSG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Changes to the UBS Group Executive Board

04/26/2021 | 11:15pm EDT

Regulatory News:

Mike Dargan will join the Group Executive Board as Chief Digital and Information Officer (CDIO) effective 1 May 2021. The new CDIO organization will play a crucial role in further driving technology to become a true differentiator for UBS (NYSE:UBS) (SWX:UBSN) and will replace the former Group Chief Operating Officer (GCOO) function. CDIO will comprise the current Group Technology teams, as well as Group Corporate Services. Business-aligned Operations will move into the respective business functions to drive a seamless experience for our clients, with shared Operations remaining with CDIO. Mike has been Head Group Technology since he joined UBS in 2016. Prior to that, he was CIO for CIB at Standard Chartered Bank, Head Corporate Strategy & M&A, EMEA and PacRim for Merrill Lynch and Head CIB, Asia-Pacific for Oliver Wyman.

Group Chief Executive Officer Ralph Hamers: "I'm excited to welcome Mike Dargan to the GEB in his expanded role. Given his strong track record and in-depth expertise, I'm confident that he is the right leader to help us achieve our strategic ambitions in the digital and technology space by bringing the best experience to our clients. I also want to thank UBS Switzerland President Sabine Keller-Busse for her leadership in transforming the GCOO organization over the past years through increased business alignment, collaboration and efficiencies, including the increased adoption of technology, thus laying the foundation that makes this next step in the journey possible."

In his 13th year as Group General Counsel of UBS, Markus Diethelm has decided to step down from his current role effective 1 November 2021. He will remain in a senior advisor role into 2022 with responsibility for select legacy litigation cases. Markus joined the Group Executive Board in 2008 and has achieved a notable reduction of our litigation portfolio, zealously defending the firm's interests. He has also modernized the Group General Counsel function, optimizing related operational risk charges for the firm and total legal costs.

Barbara Levi will succeed Markus Diethelm as Group General Counsel effective 1 November 2021. She joins UBS from Rio Tinto Group where she has served as Chief Legal Officer & External Affairs and before that as Group General Counsel and member of the Executive Committee since January 2020. From 2004 to 2019, she worked for Novartis Group in various senior management roles, including Group Legal Head, M&A and Strategic Transactions, Global Legal Head & General Counsel of Sandoz, the Novartis generics and biosimilars division and Global Legal Head, Product Strategy & Commercialization, for the Novartis Pharma division. Before joining Novartis, Barbara worked in private practice in New York and Milan. She is a qualified attorney-at-law admitted to the US Supreme Court and to the bar in Milan and New York State.

Group Chief Executive Officer Ralph Hamers: "I want to personally thank Markus for his longstanding commitment and contribution to the success of UBS. Since 2008 he has resolved a number of very important legacy issues for the bank. He will remain with us as senior advisor for select legal cases, while ensuring a seamless transition. I'm looking forward to having Barbara join UBS later this year. With more than 25 years of legal and compliance experience across different industries and geographies, she is ideally suited to lead our General Counsel function into the future."

This document contains statements that constitute forward-looking statements. While these statements represent UBS's judgments and expectations concerning the matters described, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from UBS's expectations. Additional information about those factors is set forth in documents furnished and filings made by UBS with the US Securities and Exchange Commission, including the Annual Report on Form 20-F for the year ended 31 December 2020.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210426005848/en/

 
    CONTACT: UBS Group AG and UBS AG 

Investors

Switzerland: +41-44-234 41 00

Media

Switzerland: +41-44-234 85 00

UK: +44-207-567 47 14

Americas: +1-212-882 58 58

APAC: +852-297-1 82 00

www.ubs.com/media

 
    SOURCE: UBS 
Copyright Business Wire 2021 
 

(END) Dow Jones Newswires

04-27-21 0115ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.76% 33876.97 Delayed Quote.8.77%
NOVARTIS AG 0.51% 86.16 Delayed Quote.2.47%
RIO TINTO PLC -0.21% 5797 Delayed Quote.5.89%
STANDARD CHARTERED PLC 0.62% 471.6 Delayed Quote.1.22%
UBS GROUP AG -0.49% 14.27 Delayed Quote.15.00%
All news about UBS GROUP AG
01:25pCREDIT SUISSE  : Global banks in Hong Kong push to get staff back to office
RE
11:46aWINTRUST FINANCIAL  : UBS Adjusts Wintrust Financial's Price Target to $80 from ..
MT
11:44aGENESIS ENERGY L P  : UBS Adjusts Genesis Energy's Price Target to $12.50 from $..
MT
11:40aENLINK MIDSTREAM LLC  : UBS Adjusts EnLink Midstream's Price Target to $7.50 fro..
MT
11:19aDOW JONES FXCM DOLLAR INDEX  : UBS Previews This Week's Latin America Macroecono..
MT
09:23aWALL STREET STOCK EXCHANGE : A series of Fed official speeches is on the way
08:40aRIO TINTO  : UBS Downgrades Rio Tinto to Sell from Neutral
MT
08:16aRIO TINTO  : UBS Lowers Rio Tinto To Sell From Neutral, Maintains PT
MT
07:39aDOW JONES FXCM DOLLAR INDEX  : UBS Previews This Week's Bank of England Policy D..
MT
06:46aANALYST RECOMMENDATIONS : BT Group, FIGS, Intel, Ocado, Rio Tinto...
More news
Financials
Sales 2021 29 702 M 32 317 M 32 317 M
Net income 2021 4 606 M 5 012 M 5 012 M
Net cash 2021 1 500 M 1 632 M 1 632 M
P/E ratio 2021 11,1x
Yield 2021 2,50%
Capitalization 50 275 M 54 740 M 54 703 M
EV / Sales 2021 1,64x
EV / Sales 2022 1,62x
Nbr of Employees 71 779
Free-Float 91,2%
Chart UBS GROUP AG
Duration : Period :
UBS Group AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UBS GROUP AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 16,21 CHF
Last Close Price 14,27 CHF
Spread / Highest target 40,2%
Spread / Average Target 13,6%
Spread / Lowest Target -8,90%
EPS Revisions
Managers and Directors
NameTitle
Ralph A. J. G. Hamers Group Chief Executive Officer
Kirt Gardner Group Chief Financial Officer
Axel A. Weber Chairman
Mike Dargan Chief Digital & Information Officer
Sabine Keller-Busse Group Chief Operating Officer
Sector and Competitors
1st jan.Capitalization (M$)
UBS GROUP AG15.00%54 773
BLACKROCK, INC.16.53%128 241
BROOKFIELD ASSET MANAGEMENT INC.15.07%73 390
T. ROWE PRICE GROUP, INC.25.52%43 107
BANK OF NEW YORK MELLON CORPORATION (THE)13.62%42 216
AMERIPRISE FINANCIAL, INC.21.78%27 430