ZURICH (Reuters) – Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board.
The appointment of Khan alongside two internal promotions mark a significant revamp for the bank as it seeks fresh talent for its CEO succession planning efforts and drums up enthusiasm for its core business in an increasingly challenging landscape.
Khan, a former head of Credit Suisse International Wealth Management and a rising star considered a CEO candidate in the future, will replace Martin Blessing as UBS wealth management co-head alongside U.S. counterpart Tom Naratil.
Suni Harford, a Citigroup veteran who joined UBS in 2017, was promoted from her current role as head of investment at the asset management business to leading the entire division. She replaces Uelrich Koerner.