UBS Tech Head to Exit – Incoming COO Takes Control
UBS is tightening executive oversight of its technology stack as it enters a critical phase of operational and technology execution, shifting Group Technology under the direct remit of the incoming Group Chief Operating Officer.
Mike Dargan will step down as Group Chief Operations and Technology Officer at the end of December 2025 to pursue an opportunity outside UBS, triggering an immediate reallocation of responsibilities at the top of the firm’s operating and technology functions, according to a media release issued on Monday evening.
From 1 January 2026, Group Technology will report to Beatriz Martin (pictured above) as she assumes her new role as Group Chief Operating Officer, consolidating day-to-day operational accountability with technology governance.
Dargan becomes CEO of Berlin-based neobank N26, according to a media release issued on Tuesday.
Interim Continuity
Pending a permanent successor, Chris Gelvin will serve as interim Head Group Technology alongside his current position as Chief Operating Officer, Group Technology, providing continuity while UBS finalizes its longer-term leadership structure.
UBS said the expanded Group COO portfolio is intended to support smooth end–to–end operations, prioritize technology and artificial intelligence initiatives, and help complete the remaining technology integration process.
CEO Framing: Growth, Resilience, and Digitization
Group CEO Sergio Ermotti credited Dargan with advancing technology as a lever for business performance, saying: «Mike Dargan has been instrumental in positioning our technology as a driver of business growth and resilience and progressing the firm’s strategic shift towards AI and digitization.»
UBS noted that changes to the Group Executive Board are subject to regulatory approval, with the revised reporting lines and interim arrangements designed to keep execution steady through the transition.
