REG-UBS AG Changes to UBS’s Group Executive Board

UBS AGAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251024:nBwbWGVG6a&default-theme=true


Changes to UBS’s Group Executive Board


 * Michelle Bereaux, Group Chief Integration Officer, will become Group Head
Compliance and Operational Risk Control

 * Beatriz Martin will take on the role of Group Chief Operating Officer in
addition to her current responsibilities and will continue to act as President
EMEA

 * In his role as Group Chief Technology Officer, Mike Dargan will focus on
capturing opportunities arising from innovation and technological changes

 * Governmental and Regulatory Affairs and Group Security functions, currently
part of Group Compliance, Regulatory and Governance, will be transferred to
Group CFO Todd Tuckner and Group Head of HR and Corporate Services Stefan
Seiler, respectively

 

Ad hoc announcement pursuant to article 53 of the SIX Exchange Regulation
Listing Rules

As announced separately, Group Chief Compliance and Governance Officer Markus
Ronner will be nominated as Vice Chairman of the UBS Group AG (NYSE:UBS)
(SWX:UBSN) Board of Directors at the Annual General Meeting in April 2026.

In parallel, the following organizational changes will be made to the UBS
Group Executive Board (GEB), effective 1 January 2026:

Michelle Bereaux, Group Chief Integration Officer, will take on the role of
Group Head Compliance and Operational Risk Control. Michelle has enabled
remarkable progress in the integration of Credit Suisse, which UBS is on track
to complete by the end of 2026. This includes, among other things, the
successful completion of client migrations outside of Switzerland and the
transfer of about two thirds of clients in Switzerland. In her new role,
Michelle will focus on steering UBS through a demanding non-financial risk
environment. She will relinquish her duties as Group Chief Integration Officer
once she assumes her new responsibilities.

Beatriz Martin, Head of Non-Core and Legacy, will become Group Chief Operating
Officer. The role will include her current responsibilities as Lead for
Sustainability and Impact and Head of Non-core and Legacy, as well as new
responsibility for the finalization of the integration of Credit Suisse, Group
Operations, and the Internal Consulting and Governance teams. In her new role,
Beatriz will focus on the operational integration and alignment of UBS
business divisions, focused on strategic key projects. She will also continue
to act as President EMEA and UK Chief Executive.

Mike Dargan, in his role as Group Chief Technology Officer, will focus on
evolving UBS’s technology platforms and ensuring they remain efficient,
resilient and targeted at the organization’s evolving needs. In addition,
Mike will direct even more of his efforts to continuing to advance UBS’s
strong position in capturing the opportunities arising from rapid
technological change, including in AI and digital assets.

Responsibility for Governmental and Regulatory Affairs will be transferred to
Group CFO Todd Tuckner. Group Security will be integrated into the Group Human
Resources and Corporate Services organization led by Stefan Seiler.

Commenting on the leadership changes, Group CEO Sergio P. Ermotti said:
“Markus’s foundational work over the past 15 years helped shape the
firm’s legal structure and governance. Since joining the Group Executive
Board in 2018 in his current role as Group Chief Compliance and Governance
Officer, Markus has established industry-leading compliance, financial crime
prevention and operational risk control, as well as a robust regulatory
management and resolvability framework for UBS. I thank Markus for his
outstanding contributions and look forward to continuing to work with him in
his new role.”

Sergio P. Ermotti added: “I also congratulate Michelle, Beatriz, Mike, Todd
and Stefan on their new responsibilities. With these changes, UBS is ideally
positioned to successfully complete the integration, focus on growth
opportunities and continue to deliver in the best interest of all our key
stakeholders.”

UBS Group AG and UBS AG

Investor contact

Switzerland: +41-44-234 41 00

Media contact

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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ubs.com%2Fglobal%2Fen%2Fmedia.html&esheet=54344537&newsitemid=20251023576080&lan=en-US&anchor=www.ubs.com%2Fmedia&index=1&md5=a5b48e04f542080eb9d90e67c4434454)



View source version on businesswire.com:
https://www.businesswire.com/news/home/20251023576080/en/
(https://www.businesswire.com/news/home/20251023576080/en/)

UBS Group AG


Copyright Business Wire 2025