ZURICH (Reuters) – UBS Group AG stated on Friday it appointed Chief Working Officer and President EMEA Sabine Keller-Busse as president of UBS Switzerland, whereas Iqbal Khan, co-president of world wealth administration, will succeed Keller-Busse as president EMEA, along with his present function.

Keller-Busse, who joined UBS in 2010 and was named Group COO in 2018, succeeds Axel P. Lehmann who has determined to step down from his present roles as president private & company banking and president UBS Switzerland on the finish of January 2021, and can go away the financial institution after a transition section on the finish of July, UBS stated in a press release.

All modifications are efficient Feb. 1, 2021, UBS stated.

(Reporting by Silke Koltrowitz; Modifying by Riham Alkousaa)