UBS Shuffles Leaders as Credit Suisse Integration Nears End

UBS Group AG reshuffled its leadership as the integration of Credit Suisse nears its completion and Vice-Chairman Lukas Gaehwiler decided to retire at the next general meeting in April.

Chief Compliance and Governance Officer Markus Ronner will be proposed to the board of directors to succeed Gaehwiler, UBS said in a statement on Friday. Michelle Bereaux will take on responsibility for compliance and operational risk control, while relinquishing her role overseeing the integration of Credit Suisse.