UBS has made several changes to its ultra high net (UHNW) worth division, according to an internal memo seen by thewealthnet.
Agis Leopoulos has been appointed vice chairman for EMEA, effective 1 March 2018. In his new role, Mr Leopoulos will focus on complex client relationships and will report to Caroline Kuhnert, head of UHNW global emerging markets.
Effective 1 June 2018, Ronald Wehrli will take responsibility for the newly created UHNW Middle East, Israel, Africa & Turkey business. He will join UBS from JPMorgan New York, where his most recent position was group head of investment management and client advice responsible for wealth management EMEA, Asia, Canada & Caribbean.
Mr Wehrli will relocate to Switzerland and be based in Geneva where he will report to Ali Janoudi, head of wealth management CEEMEA, France and Benelux International.
Matthias Lehmann, head of GFO Europe, UHNW France International & Monaco Domestic, will additionally take responsibility for UHNW Greece as of 1 March 2018. Tobias Wehrli will continue to head the UHNW Greece business and will report directly to Mr Lehmann.
Finally, Philipp Bigger, head of GFO Emerging Markets & UHNW CEE, will take responsibility for Central Europe. He will additionally manage UHNW Middle East, Israel, Africa & Turkey until Mr Wehrli joins on 1 June 2018.
Present in all major financial centres worldwide, UBS has offices in 54 countries. UBS Group AG employs approximately 60,000 people around the world, providing financial advice and solutions to wealthy, institutional and corporate clients.