UBS Group AG has announced its intention to propose Gail Kelly for election to its Board of Directors at the Annual General Meeting, which is scheduled for April 24, 2024. Kelly, a seasoned professional in the financial services industry, boasts over three decades of experience and is expected to bring her extensive leadership skills to the Swiss multinational investment bank and financial services company.
Kelly has held significant roles throughout her career, including Group CEO and Managing Director of St. George Bank and Westpac Banking Corporation in Australia. Her tenure at Westpac was notable for 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 maintain a global presence, serving as a Senior Global Advisor to UBS Group’s CEO and Executive Board from 2016 to 2023. An Australian citizen, Kelly holds an Arts degree from the University of Cape Town and an MBA from the University of Witwatersrand.
UBS Chairman Colm Kelleher expressed his enthusiasm about Kelly’s nomination, emphasizing her reputation as an effective bank CEO and her influence within the Asia Pacific financial sector. Kelleher is looking forward to Kelly’s contribution to the Board, citing 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 been involved with various committees, including Risk, Governance and Nominating, Compensation, and Audit, contributing to UBS’s strong 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 | Colm Kelleher, Gail Kelly, Dieter Wemmer |
| Companies | University of Witwatersrand, University of Cape Town, Westpac Banking Corporation, St. George Bank, UBS Group AG |
| Currencies | None |
| Securities | UBS Group AG (SWX:UBSN), UBS Group AG (NYSE: ), Westpac Banking (NYSE: ) |
