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UBS Names New Asia-Pacific Chief Operating Officer

Editorial Staff

9 December 2024

has announced that its chief operating officer for the wealth management arm, Wiwi Gutmannsbauer, has been appointed as COO for UBS in Asia-Pacific, adding to his existing role.

As a result of the change, this publication understands that Gutmannsbauer will relocate from Zurich to Singapore. His predecessor, Lay-Sie Teo is now the APAC chief of staff.

The appointment takes effect from 1 January 2025.

Gutmannsbauer’s move represents a return to Asia: he was COO for APAC from 2018 to 2021; he joined the Swiss bank in 1998. Other roles include chief operating officer for the EMEA region and operating head for the wealth management booking centre for Switzerland  and emerging market locations.

At the end of October UBS reported that its global wealth management arm posted a pre-tax operating profit of $1.085 billion in the three months to the end of September, rising from $926 million a year ago.