UBS has launched a new headquarters in Frankfurt to centralise most of its wealth management operations in Europe.

Although headquartered in Frankfurt, the subsidiary will operate across markets in Europe through a network of branches.

The bank has been planning the consolidation for several years in a bid to simplify governance structure. Contenders included Luxembourg as well as London, until UK’s decision to quit the European Union.

The new subsidiary, dubbed UBS Europe SE, consolidates the bank’s subsidiaries in Germany, Italy, Luxembourg, the Netherlands and Spain.

“This move allows UBS to more effectively invest in its European wealth management business and enhance the offerings and services it provides to clients in these important markets,” the Swiss banking giant said.

The subsidiary will be headed by a management board including chief risk officer Birgit Dietl-Benzin, market representative (wealth management) Fabio Innocenzi, market representative (wealth management) Rene Mottas, COO Andreas Przewloka, market representative (wealth management) Thomas Rodermann, and market representative (investment bank) Stefan Winter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Roland Koch, chairman of UBS Deutschland since 2011, will serve as the chairman of UBS Europe SE supervisory board.