SENIOR MANAGEMENT CHANGES AT UBS
June 2005 to end 2007
The following tables covers the main boards, committees and positions at UBS, UBS Investment Bank
and Dillon Read Capital Management over the period discussed in the report to shareholders (early 2005
to end 2007).
GROUP LEVEL MANAGEMENT – UBS AG
UBS Board of Directors
(as of June 05)
Title / Former title
Notes
Marcel Ospel
Former chairman, UBS
Stephan Haeringer
Executive vice chairman, UBS
Chief executive of UBS 1998 to 01. Appt as chairman and
elected to board 01. Stepped down at annual general
meeting last month. Replaced by Peter Kurer (see below)
Appt to the board of directors in 04. Current term runs to
2010.
Marco Suter
Former executive vice chairman, UBS
Peter Voser
Director, UBS.
CFO, Royal Dutch Shell
Former CFO ABB
Former non-executive vice chairman,
UBS
Director, UBS
Former chief executive of Serono
International
Director, UBS
Former CEO and chairman of J
Sainbury and Prudential.
Director, UBS
Former chief executive Ciba Specialty
Chemicals
Director, UBS
Chairman of BMW
Director, UBS
Owner of Stadler Rail
Peter Böckli
Ernesto Bertarelli
Sir Peter Davis
Rolf A. Meyer
Helmut Panke
Peter Spuhler
Lawrence Weinbach
Director, UBS
Former chairman of Unisys
Corporation, partner at Yankee Hill
Capital Management.
Group chief credit officer 1999-05. Appt to board April 05.
Appt group chief financial officer and appt to the group
executive board in October 07 (see below)
Appt 05, re-elected 08 for one year.
Appt to SBC board 1985. Stepped down in 06.
Appt 02. Current term runs to 2009.
Appt 01, did not stand for re-election in 07.
Appt Union Bank of Switzerland Board in 1992. Current
term runs to 2009.
Appt in 04, current runs to 2010.
Appt 04, current term runs to 2010.
Appt in 01. Re-elected in April for one year.
Subsequent appointments to board of directors:
Gabrielle Kaufmann-Kohler
Jörg Wolle
Sergio Marchionne
Director, UBS
Partner with Levy-Kaufmann Professor
at University of Geneva
Director, UBS
President and CEO of DKSH Holding
Non executive vice chairman, UBS
(since 2008). Chief executive of Fiat
Appt 06, current term runs to 2009
Appt 06, current term runs to 2009
Appt 07, current term runs to 2010.
Members of the Group Executive Board (as of June 05):
Peter Wuffli
Former chief executive, UBS
Joined the GEB in 1998 when SBC and UBS merged.
Appt president of GEB in 01 and CEO of UBS in 03. Left
John Fraser
Huw Jenkins
Chairman and CEO, UBS Global Asset
Management
Former Chairman and CEO, UBS
Investment Bank
Peter Kurer
Former group general counsel
Marcel Rohner
Clive Standish
Former deputy CEO and chairman
and CEO of UBS Global Wealth
Management and Business Banking,
Former group CFO
Walter Stuerzinger
Former group chief risk officer
Mark B. Sutton
Former chairman and CEO, UBS
Americas
Former Chairman and CEO, UBS
Investment Bank.
Former CEO, Dillon Read Capital
Management
John Costas
Raoul Weil
Chairman and CEO of Global Wealth
Management and Business Banking
the firm in Jul 07. Replaced by Marcel Rohner.
Appt to GEB in 02. Still at UBS in same capacity.
See investment bank committee. Appt to GEB in 2005.
Appt to GEB in 02. Appt chairman of UBS in April 08 to
replace Marcel Ospel.
Appt to GEB 02. Replaced Wuffli as chief executive of
UBS in July 07.
Appt to GEB in 02. CFO of UBS 04 to Oct 07 when he
retired. Replaced by Marco Suter
Appt as group chief risk officer in 01, appt to GEB in 05.
In Oct 07 moved to become chief operating officer in the
corporate centre. Replaced as CRO by Joe Scoby.
Appt to GEB 02. Retired Jan 07.
Appt CEO of investment bank in 01. Set up DRCM in June
05. Stepped down from GEB in Dec 05. Left UBS in May
07, retained as consultant until end 07.
Head of Wealth Management International since 02. Appt
to the GEB in Jul 05
Subsequent appointments to GEB:
Rory Tapner
Marco Suter
Chairman and CEO, UBS Asia Pacific
Group CFO
Appt to GEB in 06.
Appt to GEB in Oct 07
Joe Scoby
Group chief risk officer
Appt to GEB and as group CRO in Oct 07.
Formerly Global head of Alternative and Quantitative
Investments at UBS AM
Other group titles / functions identified in the report
Andrew Threadgold
Former group head of market risk
Phil Lofts
Former group chief credit officer
Stephan Keller
Group treasurer
Appt in 06. Still at UBS. New role in May 08 as joint group
head of Group Portfolio & Concentration Risk Control.
Appt April 05. Formerly chief credit officer at investment
bank. Promoted last week to group risk chief operating
officer.
Appt 06. Former chief risk officer at UBS Investment Bank.
Still at UBS.
DILLON READ CAPITAL MANAGEMENT
Name
Title / former title
Notes
John Costas
Former chief executive, DRCM
See GEB
Mike Hutchins
Former president and co-chief
investment officer, DRCM
Ken Karl
Former co-chief investment officer,
DRCM
Left in May 07. Understood to have launched new fund
called Blue Hawk. Former head of fixed income at UBS
up to June 05.
Left in Mar 07 before closure of DRCM. Retired.
SENIOR MANAGEMENT – UBS INVESTMENT BANK
Investment Bank Management Committee (July 05) – based on members of the Group Management
Board (Renamed Investment Bank Executive Committee in 2007 and reduced to nine members in
February this year)
Name
Title / former title
Notes
Huw Jenkins
Former Chairman and CEO UBS
Investment Bank
Andy Amschwand
Head Investment Bank Switzerland &
Global Head Money Markets,
Currencies and Commodities
Global General Counsel, UBS
Investment Bank
Chief administration officer, UBS
Investment Bank
Global head of infrastructure logistics,
Former global head of equities. Appt CEO of investment
bank Jun 05. Stepped down in Oct 07 and remains a
consultant until Sep 08. Replaced in Mar 08 by Jerker
Johannson
Appt 02. Still at UBS.
GMB member since 2002: Head IB CH since 2003.
David Aufhauser
Michael Bolin
Gary Bullock
Robert Gillespie
Appt 04. Still at UBS.
Left committee in Mar 07. Still at UBS as CAO.
Stepped down March 06
Tom Hill
Former co-head of investment banking
Former CEO for EMEA
Global head of equity research
Left committee in 06. Still at UBS as vice-chairman of
investment bank
Moved to chief communication officer Jan 06
Stephan Keller
Simon Bunce
Chief risk officer, UBS Investment Bank
Former global head of fixed income
Regina A.Dolan
CFO, UBS Investment Bank
Moved to group treasurer in April 2006.
Appt head of fixed income June 05. Left in Aug 07.
Replaced by Andre Esteves
Appt 04. Still at UBS.
Ken Moelis
Robert Wolf
Former president of investment bank
President and Chief Operating Officer /
Chairman and CEO, UBS Group
Americas
Former Joint-Global Head IBD.
Rory Tapner
Left in 07 to launch Moelis & Company
Appt 06. Still at UBS.
Since 2008 member of the GEB.
Promoted to GEB in Jan 06 and CEO of UBS Asia in
2004.
Subsequent appointments
David Bawden
Former chief credit officer, UBS
Investment Bank
Maria Bentley
Global Head Human Resources, UBS
Investment Bank
Former co-head of global equities
Daniel Coleman
J. Richard Leaman III
Jeffrey McDermott
Brad Orgill
Co-head global investment banking
Former co-head of global investment
banking
CEO and Chairman, Australasia
John Wall
Former co-head of global equities
Alexander Wilmot-Sitwell
Joint Global Head Investment Banking
Department
Chairman and CEO UBS Group EMEA
CEO of investment bank in EMEA
Jeremy Palmer
Appt to management committee Mar 06. Promoted last
week to joint group head of Group Portfolio &
Concentration Risk Control.
Appt to Management committee Mar 06. Still at UBS.
Appt 05. Appt to management committee Mar 06.
Promoted last week to sole head of equities.
Appt to management committee Mar 06. Still at UBS.
Appt to management committee Mar 06. Left UBS in 07.
Appt to management committee Mar 06. Still at UBS.
Announced retirement.
Appt to management committee Mar 06. Promoted last
week to global head of proprietary trading.
Appt to management committee Mar 06. Still at UBS.
Promoted to the GEB in 2008.
Appt to management committee 06. Still at UBS.
Member of the GMB since 2004 (as senior member of
Global WM&BB)
Richard Metcalf
Former Chief risk officer
Juerg Haller
COO UBS Latin America
Andre Esteves
Former Global Head Fixed Income,
Chairman and CEO, UBS Latin America
Mark Branson
Former CEO, UBS Securities Japan
Appt CRO Apr 06. Appt to management committee Mar
07. Moved last week to deputy group risk chief operating
officer and Head Group Risk Operations & Change.
Appt to management committee May 06. Still at UBS.
GMB member since 1998.
Joined December 06, Appt global head of fixed income
07. Stepped down from FICC role last week to focus on
Latam.
Appt to management committee 06. Still at UBS
GMB member since 2002 (as Chief Communication
Officer)
Today: CFO Global WM&BB since 2008.
Other investment bankers named by title or function in report
Chris Ryan
Head of credit fixed income
Still at UBS.
Simeon Schwartz
Former head of rates
Now head proprietary trading group
Ramesh Singh
Former head of securitized products
group
Head of real estate and securitisation products group
after restructuring at UBS
James Stehli
Former global head of CDOs
Left in Oct 07. No remaining ties with UBS
David Shulman
Head of fixed income, Americas
Appt May 06. Still at UBS.
Andrew MacIntyre
Partner, Ernst & Young in London
Dr Andreas Blumer
Partner, Ernst & Young in Basel
Lead auditor at E&Y for UBS 2005-07. Auditors reelected at April 2008 AGM
Compiled audit 2004-07.
Others
Other titles names in report which Financial News was unable to identify:
Head of securitised products group proprietary trading
Head of CDO origination
Head of CDO underwriting
Head of residential mortgage-backed securities
Head of investment banking market risk control
Members of the investment bank asset and liability committee
Members of the group executive board risk sub-committee
Source: Financial News, UBS