Swiss banking major UBS will establish a new group asset and liability division to help manage risk in the bank’s new structure.

The new Group Asset and Liability Management (GALM) unit will be headed by Claude Moser, currently head of group treasury at the bank.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Reporting to UBS CFO Tom Naratil, Moser will partly be responsible for focusing the bank’s global risk management.

Moser will be succeeded by Carlo Pellerani as group treasurer.

Naratil said that GALM unit, which will be managed separately from the treasury department, aims to focus on retaining and enhancing the economics from UBS’s structural positions.

Additionally, the firm has hired Duncan Rodgers as new head of asset and liability exposure management and deputy head of group asset and liability management, or GALM, while Pellerani will also become a member of UBS’s finance executive committee.

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.

Rodgers and Pellerani will assume their new roles in January next year.

The bank is restructuring the treasury department to respond to the emerging regulatory direction of greater regional and legal entity self-sufficiency.

UBS has already unveiled plans to set up a banking subsidiary in Switzerland by mid-2015 that will house retail, corporate and the Swiss-booked wealth management business.