UBS Taps Gaehwiler At Credit Suisse For Switzerland CEO Role

Nick Parmee

26 March 2010

UBS has appointed Lukas Gaehwiler as chief executive of UBS Switzerland and co-CEO of wealth management and Swiss banking. In these roles, he will also become a member of the group executive board. He will start on 1 April 2010, succeeding Franco Morra, who will support him in the transition period.

Gaehwiler joins from Credit Suisse, where most recently he was the chief credit officer of Credit Suisse Private Banking, responsible for the division's credit business worldwide.

UBS CEO Oswald Gruebel said: "Lukas Gaehwiler knows all parts of the banking business – retail banking, wealth management, corporate banking and investment banking."

"The home market of Switzerland is and remains of the utmost importance for the UBS group. Last year we completed a strategic repositioning of the Swiss business. With the integration of our offerings and all of our business areas into UBS Switzerland, which is supported by an integrated management structure, we have created the conditions to better serve our clients in Switzerland," Gruebel said.