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Report: New UBS COO makes management changes

Banking Essentials Newsletter December Edition Part 2

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Report: New UBS COO makes management changes

Axel Lehmann, UBSGroup AG's new COO, announced the departure of Oliver Bussmann,group chief information officer, Reuters reported March 30, citing an internalmemo.

Meanwhile, Chris Gelvin will be taking over the newlycreated role of chief operating officer for the group COO, group corporateservices will be led by Harry Egger, and the role of chief risk officer for theCOO department will be held by Dimi Stratakis. The three will also be a part ofLehmann's executive committee.