UBS has confirmed that William Kennedy will succeed to Andreas Schlatter as global head of Distribution for its global asset management business after Reuters has revealed a UBS internal memo.
Kennedy will take up his new duties in mid-September and will be based in Zürich. He will report to Ulrich Koerner, president of UBS Global Asset Management.
“With his strong client focus, his thorough knowledge of products and his wide network across units, William Kennedy is the ideal candidate to lead the further transformation of our global distribution organisation,” said the memo which was reported by Reuters and signed by Koerner and UBS Wealth Management president Juerg Zeltner.
Prior to this, Kennedy was head of Investment Products and Services at UBS AG.
UBS Global Asset Management had €616bn in assets under management as at 31 March 2015.