UBS Announces New Class of Managing Directors

Zurich-based banking giant UBS has announced its latest class of managing directors, which shrank compared to last year.

UBS has unveiled 155 new managing directors, according to the bank’s website, which includes the full list of names. This marks an 11 percent decrease compared to 174 managing directors a year ago.

By markets, 43 were from Switzerland, followed by Asia Pacific (40), Europe, Middle East and Africa (36), and the Americas (36). 92 financial advisors in the Americas were also promoted to managing director – wealth management.

«Our Managing Directors exemplify and uphold our strong culture grounded in our three keys to success. And, together with all our employees, they will play a central role as we work together to build an even stronger firm, including building on our industry-leading position and creating superior value for our clients,» the bank said.