UBS AG: Christian Bluhm to Continue as Group Chief Risk Officer
April 24 2023 - 1:00AM
UK Regulatory
TIDM0R3T
Ad hoc announcement pursuant to article 53 of the SIX Exchange
Regulation Listing Rules
Due to the planned acquisition of Credit Suisse, Christian Bluhm
has agreed to remain in his role as Group Chief Risk Officer and
member of the Group Executive Board for the foreseeable future,
therefore delaying the handover to Damian Vogel that was originally
planned for 1 May.
Damian Vogel has been appointed to the newly created role of
Group Risk Control Head of Integration. In this role, he will lead
risk control related integration activities and define the best
possible set-up for the firm's combined Group Risk Control
function.
Group Chief Executive Officer Sergio P. Ermotti: "Having both
senior risk leaders actively engaged will help ensure that we're
well prepared and appropriately set up in an area that is crucial
for our future success. I want to thank Christian for his readiness
to continue in his role as Group CRO and Damian for his significant
efforts in leading our integration efforts and designing our future
risk function."
Cautionary Statement Regarding Forward-Looking Statements
This media release contains statements that constitute
"forward-looking statements," including but not limited to
management's outlook for UBS's financial performance, statements
relating to the anticipated effect of transactions and strategic
initiatives on UBS's business and future development and goals or
intentions to achieve climate, sustainability and other social
objectives. While these forward-looking statements represent UBS's
judgments, expectations and objectives concerning the matters
described, a number of risks, uncertainties and other important
factors could cause actual developments and results to differ
materially from UBS's expectations. For a discussion of the risks
and uncertainties that may affect UBS's future results please refer
to the "Risk Factors" and other sections of UBS's most recent
Annual Report on Form 20-F, quarterly reports and other information
furnished to or filed with the US Securities and Exchange
Commission on Form 6-K, and the cautionary statement on the last
page of this presentation. UBS is not under any obligation to (and
expressly disclaims any obligation to) update or alter its
forward-looking statements, whether as a result of new information,
future events, or otherwise.
UBS Group AG and UBS AG
Investor contact
Switzerland: +41-44-234 41 00
Media contact
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
Americas: +1-212-882 58 58
APAC: +852-297-1 82 00
www.ubs.com/media
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CONTACT:
UBS AG
SOURCE: UBS AG
Copyright Business Wire 2023
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