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November 10, 2020

UBS reshuffles management ranks in India

By Verdict Staff

Swiss investment bank UBS has unveiled top management changes in its India operations, including the appointment of Uday Odedra as the new country head for India.

Odedra is currently UBS’ group technology head in the APAC region, a role he will retain in addition to the new responsibility. He will assume the new role on 1 January 2021.

The firm’s current country head for India and Corporate Services group head Harald Egger has been nominated for the newly-created role of UBS India chairman. Egger will continue to serve as Corporate Services group head.

Odedra, who has been with the company for more than two decades, was part of the team which established the UBS Business Solution Centers in India in 2015.

UBS said that he played a key role in building its digital and technology presence in India. In 2017, he was named as the head of technology, APAC.

Odedra said: “I am very proud to lead the incredible team we have in India. We’ve come a long way in the last five years and have an exciting journey ahead of us.

“I am committed to ensuring that the business continues to grow and maintain its track record of service excellence.”

Egger, who was appointed as India country head in 2017, also led the launch of the UBS-Business Solution Centers in India.

As UBS India chairman, Egger will offer strategic oversight and direction for UBS-BSC services in the region.

Egger said: “My time in India has been an outstanding and inspiring experience, and I am excited to be retaining close ties to the region in my new role.

“I am confident that Uday’s skills as a leader and unparalleled knowledge of the business will provide further momentum to UBS’s business in India.”

Other leadership changes

In August 2020, UBS announced that its chairman for the Americas Bob McCann will step down.

Earlier this year, UBS hired ING chief Ralph Hamers as its new group CEO, replacing Sergio Ermotti.

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