UBS wealth management co-head exits; Sberbank unit names management chairman

S&P Global Market Intelligence presents a daily roundup of senior management and board changes at financial institutions in Europe, the Middle East and Africa.

UBS

Iqbal Khan will become sole president of UBS Group AG's global wealth management division, effective Oct. 3, following Tom Naratil's decision to step down as co-head of the business and president of UBS Americas.

Meanwhile, Naureen Hassan will become president of UBS Americas and CEO of UBS Americas Holding LLC, joining the Swiss group from the Federal Reserve Bank of New York, where she served as first vice president and COO.

Sberbank

Nursultan Taskaranov was appointed chairman of the management board at Sberbank of Russia's Kazakh unit Sberbank of Russia JSC. The Kazakh lender also appointed Magomed Gulaev, Anastasia Ovsyannikova and Vladimir Savchenko as deputy chairs of the management board.

Gulaev will oversee the bank's retail division, Ovsyannikova will be in charge of the bank's finance and operations, and Savchenko will be responsible for the legal and administrative divisions as well as management of the lender's problem assets.

Revolut

Revolut Ltd. senior executive Deirdre Halligan will step down from her role to become a global COO at an unnamed Irish organization, AltFi reported.

Halligan's departure comes after that of Chief Compliance Office Harry Gill, following a revamp of the risk division. Chief Revenue Officer Alan Chang will also depart from the U.K.-based digital lender. Chang was supposedly expected to start working on his climate change startup Tessaract in May, according to the report.

Revolut confirmed Halligan's departure to AltFi.

M.M.Warburg & CO

Manuela Better, partner and executive board member for risk management and organization of Hamburg-based private bank M.M.Warburg & CO (AG & Co.) KGaA, which is embroiled in Germany's cum-ex dividend scandal, will leave the bank due to internal discrepancies, Frankfurter Allgemeine Zeitung reported, citing insider information.

Better is likely to be succeeded by Markus Bolder, former managing board member of collapsed Westdeutsche Landesbank Girozentrale, or West LB, and co-head of WestLB's bad bank successor Portigon AG, the report said.

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