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

Hyperloop is growing in Europe

Analysts: US gamers prefer mobile games

Google Assistant Winner Of Head-To-Head Test Of Digital Assistants, Beats Siri And Alexa

Animals Can Burn Muscle To Supplement Body Water Needs, Finds A Study

The future of private flights at Farnborough air show

Experts Want To Fix Problem Of AI Hurting People Of Color And The Poor

New Study Claims Astrobiologists Locating Possible Life On Moon In Its Life Time

Wreck Of Russian Ship Rumoured To Have 5,500 Boxes Of Gold Found Near South Korean Island

Gene Editing of Human Embryo Could Find ‘Moral’ Grounds: UK’s Ethics Council

Baidu comes up with a self-driving bus

World Politics

World & Politics

Venezuela comes up with a new monetary reform

Paris is losing its icon public bicycle sharing system

Heat wave in Europe creates problems for brewers

Is it legal to print a gun? US is discussing 3D printing of firearms

Southeast Asian Leaders To Seek Clarity Of US Policies For The Region Form Pompeo

The world economy is accumulating environmental debt

US To Invest $113 Million In Asia To Counter Chinese Influence

US Intelligence Detects New Activity At Its Missile ICBM Factory: Reports