UBS Group has revealed upcoming changes to its executive board set to take effect from the beginning of 2026, as well as the retirement of board of directors’ vice chairman Lukas Gähwiler.
Beatriz Martin steps into the role of group chief operating officer, expanding her current duties to include overseeing the completion of Credit Suisse’s integration, Group Operations, and the Internal Consulting and Governance teams.
Martin, currently the head of Non-Core and Legacy, will also focus on the operational coordination and alignment of UBS’ business divisions.
She will also retain her positions as president EMEA and UK chief executive.
Mike Dargan will continue as group chief technology officer for the advancement of UBS’ technology infrastructure, with an emphasis on AI and digital assets.
Michelle Bereaux, who has been pivotal in the Credit Suisse integration process, is set to become Group Head Compliance and Operational Risk Control.
Her new role will involve navigating UBS through a complex risk environment, and she will step down from her current role as group integration officer upon assuming these new responsibilities.
Todd Tuckner, group chief financial officer (CFO), will take on the responsibility for Governmental and Regulatory Affairs, and Group Security will become part of the Group Human Resources and Corporate Services organisation under Stefan Seiler’s leadership.
The organisation also prepares to bid farewell to Gähwiler, who has announced his retirement after a 45-year tenure in the financial sector.
Gähwiler, who will not be seeking re-election at the AGM in April 2026, has played significant roles within UBS, including his involvement in the integration of Credit Suisse.
Markus Ronner is expected to be nominated as the new vice chairman of the UBS board of directors at the AGM.
Ronner, with expertise in regulation, risk control, and governance, has been with UBS throughout his career and has held numerous leadership positions.
Recently, UBS increased scrutiny of client funds within its wealth management hubs in Asia, specifically Singapore and Hong Kong.
