UBS’s Iqbal Khan named solo head of global wealth management, Naratil steps down By Reuters

© Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen at its headquarters, as the spread of the coronavirus disease (COVID-19) continues, in Zurich, Switzerland February 17, 2021. REUTERS/Arnd Wiegmann

NEW YORK (Reuters) – UBS Group AG (SIX:) on Monday named Iqbal Khan the sole head of its global wealth management division, amid a flurry of changes to the Swiss bank’s executive board.

Tom Naratil, who had been Khan’s co-president of global wealth management and president of UBS Americas, will step down from those roles in October, according to a press release from the bank.