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UBS Group AG

Suni Harford and Iqbal Khan to join Group Executive Board of UBS

role expands to include President UBS Europe, andSabine Keller-Busse'sMiddle EastAfrica

and to step downMartin BlessingUlrich Koerner

Changes effective1 October 2019

--(BUSINESS WIRE)--  ZURICH, Switzerland

Following more than ten successful years in the Group Executive (NYSE:UBS) (SWX:UBSN), has decided to step down from his current roles as President Asset Management and President UBS Europe, and . He will remain with as senior advisor to the Group CEO until at least to support the Group with several ongoing key initiatives. Koerner has been President Europe, and for since and, additionally, President Asset Management since 2014. During this time and while the asset management industry was undergoing its most radical change in decades, he led the successful repositioning of the division from a fragmented multi-boutique structure to an effective and globally integrated business. This brought UBS Asset Management back on a sustainable growth path driven by significantly improved investment performance. As Group Chief Operating Officer from 2009 to 2013, he was instrumental in designing and implementing the transformation of operating model, establishing a global service and control organization which unlocked significant synergies for the firm.Board of UBSUBSUBSUBS'sUlrich KoernerMiddle EastAfricaMiddle EastAfrica31 March 2020November 2011

will join the Group Executive and succeed as President Asset Management. Harford joined in 2017 in her current role as Head of Investments for UBS Asset Management. She is a strong leader with an excellent track record and broad experience across the industry, including research, client coverage and risk management. During her time at she has successfully led Asset Management's integrated Investments capabilities, driving performance for its clients. Harford joined following a 24-year career at Citigroup Inc., the last nine of which she was the Regional Head of Markets for . She started her career at Merrill Lynch & Co. in investment banking.Suni HarfordBoard of UBSUBSUBSUBSUlrich KoernerNorth AmericaWall Street

willsucceedKoerner as President UBS Europe, and in addition to her current role as Group Chief Operating Officer (COO). Since being named Group COO in , Keller-Busse has overseen significant parts of Corporate Center (including global functions such as technology, operations, human resources, and corporate and consulting services) and has been pivotal in implementing stronger business alignment while driving efficiency and effectiveness. Keller-Busse joined in 2010, first holding the role of Chief Operating Officer UBS Switzerland and then Group Head Human Resources. Prior to , she led Credit Suisse's Private Clients business for region and also advised financial services firms across as a partner.Sabine Keller-BusseMiddle EastAfricaZurichEuropeJanuary 2018UBSUBSMcKinsey & Company

After successfully managing the franchise in and then positioning the new Global Wealth Management business for the future, has decided to step down from his current role. He will remain with to ensure a smooth transition until . Blessing has been Co-President Global Wealth Management since . During this time he played a crucial role in the smooth and successful combination of our international and US wealth management businesses, reaching the planned synergies and driving initiatives for sustainable growth. As President Personal & Corporate Banking and President UBS Switzerland from to he successfully managed the business of the firm in its home market with a particular focus on driving its digitization agenda.UBSUBSSwitzerlandMartin Blessing31 December 2019February 2018September 2016January 2018

will join and succeed as Co-President Global Wealth Management, alongside . Khan was CEO of International Wealth Management (IWM) and a member of the executive board at Credit Suisse from 2015 to 2019. During this time he successfully transformed the firm's international wealth management division and drove strong growth and profitability in the business. Khan served as CFO of Private Banking and Wealth Management at Credit Suisse from 2013 to 2015. Prior to that he was with , , in various positions including Managing Partner Assurance and Advisory Services − Financial Services.Iqbal KhanUBSErnst & YoungMartin BlessingTom NaratilSwitzerland

All changes are effective .1 October 2019

Group Chief Executive Officer : "I want to thank Ueli for his significant contribution to our successful strategic transformation and its execution after the financial crisis. I also want to thank Martin for his leadership and contribution to our Swiss and Global Wealth Management businesses as well as the firm. I wish both of them all the best. I congratulate Sabine on the expansion of her role. And I'm looking forward to having Suni and Iqbal join the Group Executive Board. Both of them bring strong leadership and people skills along with a track record of successful execution. They are great additions to the team and will help us drive sustainable growth and profitability for ."Sergio P. ErmottiUBS

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