Swiss wealth manager UBS has made various changes in the leadership line-up within its wealth and asset management units, effective 1 October 2019.

As part of these changes, the bank has hired former Credit Suisse executive Iqbal Khan as the new co-president of global wealth management.

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Khan previously served as the CEO of Credit Suisse’s international wealth management unit and was succeeded by Philipp Wehle.

At UBS, Khan will replace Martin Blessing who has held the post since last February.

Meanwhile, Ulrich Koerner will resign as the president of asset management and president of EMEA.

Suni Harford will replace Koerner as the president of asset management.

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Harford currently serves as the head of investments at UBS Asset Management. Before joining UBS, Harford spent 24 years at Citigroup.

Group COO Sabine Keller-Busse will assume the EMEA president role, in addition to her existing responsibility. Previously, she too worked at Credit Suisse.

Koerner will remain as a senior adviser to UBS group CEO Sergio Ermotti until at least 31 March 2020.

Ermotti stated: “I congratulate Sabine on the expansion of her role. And I’m looking forward to having Suni and Iqbal join the Group Executive Board.

“Both of them bring strong leadership and people skills along with a track record of successful execution. They are great additions to the team and will help us drive sustainable growth and profitability for UBS.”