The Swiss bank continues to align capabilities and resources in global wealth management, investment bank financing and risk management under one umbrella.

Robert Karofsky (pictured) has been appointed as sole president of UBS Investment Bank, following Piero Novelli’s decision to retire from the banking industry to ‘pursue new opportunities, including non-executive chairman positions and roles in academia teaching finance and business’. Novelli will step down as co-president of the Swiss investment bank on 31 March 2021. Karofsky and Novelli became co-presidents of UBS Investment Bank in September 2018 following the exit of Andr

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