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March 26, 2010updated 04 Apr 2017 3:54pm

UBS appoints CEO for UBS Switzerland

UBS has appointed Lukas Gähwiler the CEO of UBS Switzerland and the co-CEO of Wealth Management & Swiss Bank. In these roles, he will also become a member of the Group Executive Board. Lukas Gähwiler will take on his function on 1 April 2010. He succeeds Franco Morra, who will support him in the transition period.

By Verdict Staff

Until February 2010, Lukas Gähwiler was under contract with Credit Suisse, where he began his career in 1990 and held various leadership positions with responsibility for client businesses as well as control functions. Most recently, he served as the Chief Credit Officer of Credit Suisse Private Banking, responsible for the division’s credit business worldwide.

CEO Oswald J. Grübel said: "Lukas Gähwiler knows all parts of the banking business – retail banking, wealth management, corporate banking and investment banking. Over the course of his 25-year banking career, Lukas Gähwiler has developed an impressive track record, both in the area of risk and in advising clients. With Lukas Gähwiler, we have a competent, experienced leader for UBS Switzerland, and I am pleased that we were able to attract him.

"The home market of Switzerland is and remains of the utmost importance for the UBS Group. Last year we completed a strategic repositioning of the Swiss business. With the integration of our offerings and all of our business areas into UBS Switzerland, which is supported by an integrated management structure, we have created the conditions to better serve our clients in Switzerland. I would like to thank Franco Morra for his great commitment and for his valuable contributions."

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