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UBS Weighs Elevating Khan to Sole Wealth Management Head

  • Ex-Credit Suisse executive now shares role with Tom Naratil
  • Naratil may be set to stay at bank as head of UBS in Americas
The UBS Group headquarters in Zurich, Switzerland.

The UBS Group headquarters in Zurich, Switzerland.

Photographer: Stefan Wermuth/Bloomberg
Updated on

UBS Group AG is considering a plan to promote Iqbal Khan to sole head of the bank’s global wealth management business, potentially setting him up as an eventual successor to Chief Executive Officer Ralph Hamers. 

Tom Naratil, who co-leads the private banking business with Khan, may keep his regional role as the head of UBS’s business in the Americas, people with knowledge of the deliberations said. No final decisions have been made and the plans could still change, they said.