The Board of Directors of UBS Group AG has announced that it will nominate Nathalie Rachou and Mark Hughes for election to the Board at the Annual General Meeting on 29 April 2020.
David Sidwell and Isabelle Romy will not stand for re-election. Sidwell will have completed a twelve year term of office and Romy has decided to step down after eight years on the UBS Board.
Rachou has been a member of the Board of Directors at Société Générale and will step down from that position on 19 May 2020 - a position she has held for twelve years. In 1999, she founded Topiary Finance Ltd., an asset management company based in London that merged with the investment company Rouvier Associés in 2014. She retains a role as senior advisor to the firm. From 1978 to 1999, she held a number of positions within Banque Indosuez and Crédit Agricole Indosuez, including roles in capital markets and as Chief Operating Officer of the brokerage subsidiary of Banque Indosuez.
Hughes was group chief risk officer of Royal Bank of Canada (RBC) from 2014 to 2018 and is currently chair of the Global Risk Institute and a visiting lecturer at Leeds University. He joined RBC in 1981 and spent his entire career working for the bank in Canada, the US and the UK. He held various senior leadership positions such as chief operating officer Capital Markets and head of Global Credit. For more than 20 years, Hughes has served on RBC's subsidiary boards.