UBS Names Colm Kelleher to Take Chairman Role, Succeeding Weber
- Kelleher will stand for election at annual meeting in April
- He spent three decades at Morgan Stanley, rising to president
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UBS Group AG nominated former Morgan Stanley President Colm Kelleher as its next chairman, tapping an executive with broad banking and wealth experience to help oversee the firm’s pivot towards digital.
Kelleher, 64, will stand for election to succeed Axel Weber at the Swiss firm’s annual meeting in April, UBS said in a statement Saturday, confirming an earlier Bloomberg report that it was in discussions to appoint the Wall Street veteran. The bank also nominated Lukas Gaehwiler as vice chairman.