Daily Management Review

UBS To Switch Its Luxembourg Wealth Management Head


07/21/2018


Mottas to explore “other opportunities” in UBS.



There are a quite few shuffles lined up for Swiss bank UBS in the coming months as the bank has plans of changing the Luxembourg wealth management’s leaders in the month of October as the said region seems to undergo changes. Moreover, the bank will also make its move to buy “Nordea’s private banking business” in the month of January.  
 
Rene Mottas will be replaced by Heinrich Baer, the ex-head of “Affluent & International Markets WM in Europe, the Middle East and Africa”, while Motta will be seen returning to Switzerland’s UBS after a gap of seven years which he spent in “the Benelux region”. During this time, Mottas has occupied various positions including that of the “Country Head UBS Luxembourg”.  
 
Baer will be coming to Luxembourg in the month of August and will assume a membership of the “WM EMEA Management Committee”. According to a statement of the UBS, Mottas “will look for other opportunities within UBS”.
 
While Reuters added:
“With Nordea’s 150 employees, that will bring the Luxembourg office to about 600 workers once that transaction closes in the second half of 2018”.
 
 
References:
reuters.com







Science & Technology

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

World Politics

World & Politics

Cyprus Cobalt Air stopped flights

Transparency International: Europe should stop selling citizenships

Turkey: We are not going to discuss borrowing from IMF anymore

Trump in your mobile phone: US is going to test Presidential Alert system

European automakers warn of consequences of tight emission controls

IATA: EU-UK flights can be cancelled due to Brexit disagreements

Ex-Brexit Minister Said A ‘Reset’ Is Needed For Brexit Talks

10 countries with the best healthcare systems