UBS Group AG has announced its intention to nominate Gail Kelly for election to its Board of Directors at the Annual General Meeting on April 24, 2024. Kelly, a seasoned professional in the financial services industry, is expected to bring her vast leadership experience to the Swiss multinational investment bank and financial services company.
Throughout her career, Kelly has held prominent positions, such as Group CEO and Managing Director of St. George Bank and Westpac Banking Corporation in Australia. Her time at Westpac was characterized by guiding the bank through the Global Financial Crisis and managing the merger with St. George Bank in 2008. After her executive career, Kelly continued to have a global impact, serving as a Senior Global Advisor to UBS Group’s CEO and Executive Board from 2016 to 2023. Kelly, an Australian citizen, has an Arts degree from the University of Cape Town and an MBA from the University of Witwatersrand.
UBS Chairman Colm Kelleher expressed his excitement about Kelly’s nomination, emphasizing her reputation as an effective bank CEO and her influence in the Asia Pacific financial sector. Kelleher looks forward to Kelly’s contribution to the Board, acknowledging her recognized leadership and successful track record.
Alongside Kelly’s nomination, the Board also announced the departure of Dieter Wemmer, who will not seek re-election after eight years of service. Wemmer, who joined the Board in 2016, has participated in various committees, including Risk, Governance and Nominating, Compensation, and Audit, contributing to UBS’s robust governance framework. Kelleher expressed his gratitude to Wemmer for his dedication and significant contributions during his tenure.
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| Information | Details |
|---|---|
| Geography | Australia |
| Countries | 🇨🇭 🇦🇺 🇿🇦 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Dieter Wemmer, Gail Kelly, Colm Kelleher |
| Companies | St. George Bank, University of Cape Town, Westpac Banking Corporation, University of Witwatersrand, UBS Group AG |
| Currencies | None |
| Securities | Westpac Banking (NYSE: ), UBS Group AG (NYSE: ), UBS Group AG (SWX:UBSN) |
