Sabine Keller-Busse succeeds Axel Lehmann

Change of power in the Swiss business of the main bank UBS: Axel Lehmann will step down next year. He is followed by the chief operating officer of the company and is responsible for the EMEA business.

At the end of January he leaves his position: Axel P. Lehmann (Picture below) has decided to step down from his current roles as President of Personal and Corporate Banking and President of UBS Switzerland effective January 31, 2021.

Sabine Keller-Busse, currently the group’s chief operating officer (COO) and president of business Europe, Middle East and Africa (EMEA), will succeed Lehmann, according to a press release from the big bank on Friday. This makes Keller-Busse the first woman to run the Swiss business. Lehmann will support her in the transition phase until the end of July and will leave the company thereafter.

In addition to your previous duties Iqbal Khan, Co-Chair of Global Wealth Management, successor to Keller-Busse, 55, as President of EMEA. The bank plans to announce the successor to the group’s chief operating officer position at a later date.

Lehmann showed us how

Earlier this week, Lehmann’s departure was discussed, including in finews.ch. The German “Manager-Magazin” reported for the first time about the possible head of Switzerland (Paid article). According to the magazine, Keller-Busse received top marks in an internal manager’s audit, qualifying her to take responsibility for sales at UBS.

Now you’re doing this in business in Switzerland and you’re actually making the change that Lehmann already showed you: in December 2017, the former COO was the UBS Switzerland director of Martin Blessing when he was appointed co-director of asset management. At the same time, then-HR manager Keller-Busse was promoted to COO. Prior to that, Lehmann was a member of the Board of Directors between 2009 and 2015 and was a member of the Risk Committee.