BRUSSELS (dpa-AFX) - Ahead of the merger of UBS AG (UBS, UBSN) and Credit
Suisse AG, which takes place on May 31, 2024, the Swiss banking major on
Thursday announced changes to its Group Executive Board. The changes are subject
to final regulatory approval and effective mostly July 1, 2024.

Iqbal Khan would assume the role of President UBS Asia-Pacific, effective
September 1, and become Co-President of Global Wealth Management.

Rob Karofsky would become President UBS Americas and Co-President Global Wealth
Management.

George Athanasopoulos and Marco Valla would join as Co-Presidents of the
Investment Bank.

Damian Vogel would be appointed Group Chief Risk Officer succeeding Christian
Bluhm, who agreed to delay his retirement last year to support the firm in the
first phase of the integration. Christian would remain with the firm in an
advisory capacity.

Stefan Seiler, Head Group Human Resources and Corporate Services, would expand
his responsibility to include Group Communications and Branding led by Marsha
Askins.

Ulrich Körner, CEO of Credit Suisse AG, would step down from the Group Executive
Board at the end of June following the merger of the parent banks UBS AG and
Credit Suisse AG. He would retire from UBS later this year.

Edmund Koh, President UBS Asia-Pacific, would step down from the Group Executive
Board effective September 1 and continue as Regional Chair Asia-Pacific.

Naureen Hassan, Regional President UBS Americas, has decided to retire from UBS,
effective July 1.



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