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UBS Group AG, News Release, 15 December 2025
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15 December 2025
Ad hoc announcement pursuant to article 53 of the SIX Exchange Regulation Listing Rules
News release
Changes to UBS’s Group Executive Board
●
Mike Dargan, Group Chief Operations and Technology Officer, will step down from his role
●
Group Technology function to report into Group Chief Operating Officer Beatriz Martin
Zurich, 15 December 2025 – As Mike Dargan
has decided to step down as Group Chief Operations
and
Technology Officer at the end of December to pursue an opportunity outside of UBS, the Group Technology
function will report into Beatriz Martin as she takes
up her new role as Group Chief Operating Officer on 1
January 2026. Pending the appointment
of a permanent successor, Chris Gelvin will act as interim Head
Group Technology,
in addition to his current role of Chief Operating
Officer,
Group Technology.
Adding Group Technology to the Group COO portfolio will support smooth end-to-end operations, prioritize
initiatives related to technology and artificial intelligence,
and ensure a smooth completion of the remaining
technology integration process.
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Commenting on the appointments, Group CEO Sergio
P.
Ermotti said: “Mike has been instrumental in
positioning our technology as a driver of
business growth and resilience and progressing the firm’s strategic
shift towards AI and digitization. I would like to thank
Mike for his significant contributions to
UBS and wish
him all the best for this future. I also congratulate Bea
on her expanded responsibilities and thank her for
her
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Changes to the Group Executive Board are subject to regulatory approval.