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Report: UBS appoints new chief information officer

UBS GroupAG named Michael Dargan chief information officer, Reuters reportedJuly 13, citing an internal memo.

Dargan, who will assume his role in mid-September, will beresponsible for group technology and join the executive committee of COO AxelLehmann. A spokeswoman verified the accuracy of the memo, according to thereport.

Dargan was most recently Standard Chartered Plc's chief information officer forcorporate and institutional banking, the newswire noted.

In March, Lehmann announced the of group Chief InformationOfficer Oliver Bussmann.