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UBS Appoints Youngwood as CFO to Boost Hamers’ Technology Drive

  • She’ll join Swiss bank in March and be part of executive board
  • UBS seeks more diversity at top after naming Kelleher chairman
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UBS Group AG named JPMorgan Chase & Co,’s Sarah Youngwood as Chief Financial Officer, lending force to Chief Executive Officer Ralph Hamers’ push to improve the bank’s digital offering and making her the first woman to hold the firm’s top finance job.

Youngwood has been CFO for JPMorgan’s consumer and community banking business since 2016 and has also led finance for the firm’s global technology unit. She is Hamers’ second key appointment to the management board in recent months, after Mike Dargan was named as chief digital and information officer.