The current CFO, who has been at the bank since 2013, is stepping down next year. UBS has named his successor.

UBS has a new chief financial officer - Sarah Youngwood. Formerly at JP Morgan, she will take over the role in May after the existing CFO Kirt Gardner decided to step down.

Gardner will work with Youngwood during her two-month onboarding period before retiring from UBS to pursue other opportunities in May, the Zurich-listed firm said in a statement yesterday. 

Prior to this, Youngwood had been chief financial officer of JP Morgan’s consumer and community banking line of business since 2016. From 2020, her role also included leading finance for the firm’s global technology unit, as well as the diversity and inclusion team. Between 2012 and 2016, she served as head of investor relations for JP Morgan. Prior to that, she spent 14 years in various roles in the financial institutions group within JP Morgan’s investment bank in Paris, London and New York. She holds a combined undergraduate and master's degree in finance and business from ESCP Europe Business School. As part of that programme, she spent six months at the Stanford Graduate School of Business.

Gardner joined UBS in 2013 and was named group CFO and a member of the UBS group executive board in January 2016. Between 2013 and 2015, he served as CFO for UBS Wealth Management.