UBS Switzerland wants compliance specialist as Chairman

Rick Steves

Markus Ronner is a UBS veteran with more than 30 years under his belt within the group, most recently as group chief compliance and governance officer since 2018.

UBS Switzerland has announced it will propose the election of Markus Ronner as chairman and Barbara Lambert as a new independent member of the board of directors.

The domestic arm of the banking group plans to replace Lukas Gähwiler, who has been nominated as the vice chairman of UBS Group AG.

Both executives with legal expertise

Markus Ronner is a UBS veteran with more than 30 years under his belt within the group, most recently as group chief compliance and governance officer since 2018, when he became a member of the group executive board in 2018.

The compliance specialist, who has helped implement a new regulatory and governance structure at UBS, is expected to maintain those roles while acting as Chairman.

Barbara Lambert has been with Banque Pictet for 14 years already, having been appointed as a member of the board in 2018.

The future independent member of the board of directors at UBS Switzerland joined Pictet in 2008 as head of group internal audit. Six years later, she was promoted as group chief risk officer. Four years, later she joined the board of directors as a member of the audit and risk committee.

UBS shows determination on gender equality

UBS has been making moves to make the air more breathable on when it comes to gender equality.

JP Morgan executive Sarah Youngwood has been appointed Chief Financial Officer at UBS Group effective in May 2022, where she will be replacing current CFO Kirt Gardner.

Gardner has recently announced his decision to step down to pursue other challenges, but will be supporting new CFO during her two-month onboarding period before retiring from UBS.

In April, UBS Group announced the appointment Barbara Levi as General Counsel, a qualified attorney-at-law admitted to the US Supreme Court and to the bar in Milan and New York State.

Barbara Levi joined UBS from Rio Tinto Group, where she has served as Chief Legal Officer & External Affairs and before that as Group General Counsel and member of the Executive Committee since January 2020.

The European Central Bank asked for more diversity on the boards of banks and among executives. A recent report pointed to only 8% of women chief executives in European credit and investment institutions.

Moreover, only a fifth of the positions on management bodies of Europe’s largest banks are held by women, according to the ECB’s supervisory board.

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