UBS Workforce AG named former Morgan Stanley government Colm Kelleher to be successful Axel Weber as its subsequent chairman, touchdown a distinguished Wall Boulevard identify to supervise the Swiss financial institution.

Mr. Kelleher spent 30 years at Morgan Stanley and used to be within the No. 2 task as president earlier than leaving in June 2019. He held roles together with leader monetary officer on the financial institution in the course of the 2008 monetary disaster, and oversaw Morgan Stanley’s wealth-management industry, a willing competitor to UBS.



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