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UBS Group AG, News Release, 24 October 2025
Page 3
24 October 2025
Ad hoc announcement pursuant to article 53 of the SIX Exchange Regulation Listing Rules
News release
Changes to UBS’s Group Executive Board
●
Michelle Bereaux, Group 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
Zurich, 24 October 2025
– As announced separately, Group Chief Compliance and Governance Officer
Markus Ronner will be nominated as Vice
Chairman of the UBS Group AG 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 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 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.