UBS wealth and asset management heads depart

President of UBS EMEA Ulrich Koerner, who has been "instrumental" in reforming its asset management division since 2014, and co-president of UBS global wealth management Martin Blessing will step down from their roles in October. Koerner is also president of the bank's asset management division, which will now be led by head of investments for UBS Asset Management Suni Harford. However, Koerner will stay on as a senior adviser to the group CEO until at least 31 March 2020 "to support the group with several ongoing key initiatives", the bank said. In a statement UBS said Koerner p...