People: UBS AG (UBSN.VX)

UBSN.VX on Virt-X Level 1

16.46CHF
29 Aug 2014
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Summary

Name Age Since Current Position

Axel Weber

57 2012 Chairman of the Board of Directors

Sergio Ermotti

54 2011 Group Chief Executive Officer, Member of the Executive Board

Michel Demare

57 2010 Independent Vice Chairman of the Board of Directors

Tom Naratil

52 2014 Member of the Executive Board, Chief Financial Officer, Chief Operating Officer

Philip Lofts

51 2008 Member of the Executive Board, Group Chief Risk Officer

Markus Diethelm

56 2008 Member of the Executive Board, Group General Counsel

David Sidwell

61 2011 Senior Independent Director

Caroline Stewart

Head of Investor Relations

Lukas Gaehwiler

48 2012 Member of the Executive Board, CEO of UBS Switzerland, CEO of UBS Retail & Corporate

Ulrich Koerner

51 2014 Member of the Executive Board; Chief Executive Officer Global Asset Management and Chief Executive Officer Europe Middle East and Africa

Robert McCann

56 2011 Member of the Executive Board, CEO of Wealth Management Americas, CEO of Group Americas

Andrea Orcel

50 2012 Member of the Executive Board, Co-CEO of UBS Investment Bank

Chi-Won Yoon

54 2012 Member of the Executive Board, CEO Group Asia Pacific

Juerg Zeltner

46 2009 Member of the Executive Board, CEO of UBS Wealth Management

Rainer-Marc Frey

51 2008 Member of the Board of Directors

Ann Godbehere

59 2009 Member of the Board of Directors

Axel Lehmann

55 2009 Member of the Board of Directors

Helmut Panke

67 2004 Member of the Board of Directors

Isabelle Romy

49 2012 Member of the Board of Directors

Beatrice Weder di Mauro

2012 Member of the Board of Directors

Reto Francioni

58 2013 Independent Member of the Board of Directors

William Parrett

69 2008 Independent Member of the Board of Directors

Joseph Yam

66 2011 Independent Member of the Board of Directors

Biographies

Name Description

Axel Weber

Mr. Axel A. Weber has served as Chairman of the Board of Directors of UBS AG since 2012. At the Company he also serves as Chairman of the Governance Committee and Nominating Committee as well as of the Corporate Responsibility since 2012. He was President of the German Bundesbank between 2004 and 2011, during which time he also served in the following positions: Member of the Governing Council of the European Central Bank; Member of the Board of Directors of the Bank for International Settlements; German governor of the International Monetary Fund; and Member of the G7 and G20 Ministers and Governors. He was Member of the Steering Committees of the European Systemic Risk Board in 2011 and the Financial Stability Board from 2010 to 2011. On leave from Universitaet zu Koeln, he was a visiting professor at the University of Chicago Booth School of Business from 2011 to 2012. From 2002 to 2004, Dr. Weber served as Member of the German Council of Economic Experts. He was a professor for international economics and Director of the Center for Financial Research at Universitaet zu Koeln from 2001 to 2004, and a professor for monetary economics and Director of the Center for Financial Studies at Goethe-Universitaet in Frankfurt/Main from 1998 to 2001. Dr. Weber holds a PhD in Economics from Universitaet Siegen, where he also received his habilitation. He graduated with a masters degree (Diplom) in Economics from Universitaet Konstanz. He also holds honorary doctorate degrees from the universities of Duisburg-Essen and Constance.

Sergio Ermotti

Mr. Sergio P. Ermotti has been Group Chief Executive Officer and Member of the Executive Board of UBS AG since November 15, 2011. He previously occupied that position on interim basis as of September 24, 2011. He was appointed Chairman and CEO of UBS Group Europe, Middle East and Africa and became Member of the Group Executive Board in April 2011. From 2007 to 2010, he was UniCredit Group’s Deputy Chief Executive Officer with responsibility for the strategic business areas, Corporate and Investment Banking and Private Banking. He joined UniCredit in December 2005 as Head of Markets & Investment Banking Division. Between 2001 and 2003, he served as co-Head of Global Equity Markets and as Member of the Executive Management Committee for Global Markets & Investment Banking at Merrill Lynch. He started his career with Merrill Lynch in 1987, holding various positions in equity derivatives and capital markets. Mr. Ermotti is a Swiss-certified banking specialist and a graduate of the Advanced Management Program at Oxford University. He is Non-Executive Director of the London Stock Exchange Group.

Michel Demare

Mr. Michel Demare has been Independent Vice Chairman of the Board of Directors at UBS AG since April 2010. He joined the Board of Directors of the Company as Member on April 15, 2009. In addition, he acts as Member of the Audit Committee as well as Member of Governance and Nominating Committee and Member of the Human Resources and Compensation Committee of the Company. He joined ABB as Member of the Executive Committee and Chief Financial Officer (CFO) in 2005 and added the role of President of Global Markets in November 2008. Between February and September 2008, he acted as interim Chief Executive Officer of ABB. Mr. Demare joined ABB from Baxter International, a global healthcare company, where he was CFO of Baxter Europe from 2002 to 2005. Prior to this role, he spent 18 years at the Dow Chemical Company. Mr. Demare began his career as an officer in the Multinational Banking division of Continental Illinois Bank of Chicago, based in Antwerp and Brussels. He graduated with a Master of Business Administration from the Katholieke Universiteit Leuven (Belgium) and a degree in Applied Economics from Universite Catholique de Louvain (Belgium). He is Member of the IMD Foundation Board in Lausanne.

Tom Naratil

Mr. Tom Naratil has been appointed Member of the Executive Board, Chief Financial Officer, Chief Operating Officer at UNS AG effective January 1, 2014. Prior to this, he was Member of the Executive Board and Chief Financial Officer of UBS AG since June 2011. Mr. Naratil served as CFO and Chief Risk Officer of Wealth Management Americas from 2009 until his current appointment. Before 2009 he held various senior management positions within the Company, including heading the Auction Rate Securities Solutions Group during the financial crisis in 2008. He was named Global Head of Marketing, Segment & Client Development in 2007, Global Head of Market Strategy & Development in 2005 and Director of Banking and Transactional Solutions, Wealth Management USA in 2002. During this time, he was Member of the Group Managing Board. He joined Paine Webber Incorporated in 1983 and after the merger with UBS AG became Director of the Investment Products Group. Mr. Naratil holds a Master of Business Administration degree in Economics from New York University and a Bachelor of Arts degree in History from Yale University.

Philip Lofts

Mr. Philip J. Lofts has served as Member of the Executive Board and Group Chief Risk Officer of UBS AG since November 4, 2008. He was Chief Executive Officer of UBS Group Americas from January 2011 to November 2011. Prior to that, he served as Deputy Group Chief Risk Officer and Group Risk Chief Operating Officer at the Company from 2008 to 2010. He has been with the Company for over 25 years. In 2008, he became the Group Risk Chief Operating Officer (COO) after having previously been the Group Chief Credit Officer for three years. Before this, Mr. Lofts worked for the Investment Bank in a number of business and risk control positions in Europe, Asia and Pacific (APAC )and the United States. From 1981 to 1984, he was a trainee at Charterhouse Japhet plc, a merchant bank acquired by the Royal Bank of Scotland in 1985. Mr. Lofts is Board Member of the University of Connecticut Foundation.

Markus Diethelm

Mr. Markus U. Diethelm has been Member of the Executive Board and Group General Counsel of UBS AG since September 1, 2008. From 1998 to 2008 he worked for Swiss Re. He started his career in 1983 with Bar & Karrer, a Zurich law firm. In 1988 he joined Paul, Weiss, Rifkind, Wharton & Garrison in New York as a foreign associate. As of 1989, he practiced with New York's Shearman & Sterling, specializing in mergers and acquisitions. In 1992 he joined the Los Angeles-based law firm Gibson, Dunn & Crutcher, focusing on corporate matters, securities transactions, litigation and regulatory investigations while operating out of the firm's Brussels and Paris offices. He joined Swiss Re in 1998 as Group Chief Legal Officer and was appointed to the Executive Board effective January 1, 2007. Mr. Diethelm holds a law degree from Universitaet Zuerich and a Master and Doctorate in Philosophy from Stanford University. He is a qualified attorney-at-law in the State of New York and in Switzerland. Mr. Diethelm is the Chairman of the Legal Committee of the Swiss American Chamber of Commerce and Member of the Swiss Advisory Council of the American Swiss Foundation, among others.

David Sidwell

Mr. David H. Sidwell has been Senior Independent Director at UBS AG since April 23, 2011. He joined the Board of Directors at the Company on April 23, 2008. In addition, he acts as Chairman of the Risk Committee and Member of the Governance and Nominating Committee at the Company. He was Executive Vice President and Chief Financial Officer of Morgan Stanley in New York between March 2004 and 2007. Before joining Morgan Stanley he was with JPMorgan Chase & Co. He joined JPMorgan Chase & Co in 1984 in New York where he held a number of different positions in his 20 years of service including Controller and Chief Financial Officer of the Investment Bank. From 1975 until 1984 he was with PricewaterhouseCoopers LLP in both London and New York. Mr. Sidwell graduated from Cambridge University in England and is a Chartered Accountant. Mr. Sidwell is a Director and Chairperson of the Risk Policy and Capital Committee of Fannie Mae, Washington D.C., and a Senior Advisor at Oliver Wyman, New York. He is a trustee of the International Accounting Standards Committee Foundation, London, the Chairman of the Board of Village Care, New York, and is a Director of the National Council on Aging, Washington D.C.

Caroline Stewart

Lukas Gaehwiler

Mr. Lukas Gaehwiler has been Member of the Executive Board, CEO of UBS Switzerland, and CEO of UBS Retail & Corporate at UBS AG since January 2012. Prior to that, from April 2010, he acted as Member of the Executive Board of the Company, and CEO of UBS Switzerland. In his role as CEO of UBS Switzerland he is responsible for all businesses including retail and wealth management, corporate and institutional banking, investment banking and asset management in the Company's home market. Before joining UBS AG, he held the position of Chief Credit Officer with Credit Suisse since 2003, and was accountable for the worldwide credit business of Private Banking, including Commercial Banking in Switzerland. In 1998, Mr. Gaehwiler was appointed Chief of Staff to the CEO of the Credit Suisse Private and Corporate Business Unit. Previously, he held various front-office positions in Switzerland and North America. Mr. Gaehwiler earned a Bachelor’s Degree in Business Administration from the Fachhochschule St. Gallen (University of Applied Sciences in St. Gallen). He completed a Master of Business Administration program in corporate finance at the International Bankers School in New York, as well as the Advanced Management Program at Harvard Business School. Mr. Gaehwiler is Member of the Boards of the Zurich Chamber of Commerce and the Opernhaus AG as well as Vice Chairman of the Swiss Finance Institute. He is a member of the Foundation Board of the UBS pension fund.

Ulrich Koerner

Dr. Ulrich Koerner has been appointed Member of the Executive Board; Chief Executive Officer Global Asset Management and Chief Executive Officer Europe Middle East and Africa at UBS AG effective January 1, 2014. Prior to this, he was Member of the Executive Board, Group Chief Operating Officer, CEO of Corporate Center and CEO of UBS Europe, Middle East and Africa of UBS AG since April 1, 2009. Dr. Koerner has been with Credit Suisse since 1998 and served as Member of the Executive Management of the Credit Suisse Group from 2003 to 2008. He held various management positions, including Chief Financial Officer and Chief Opperating Officer of Credit Suisse. Most recently, he was responsible for the entire Swiss client business as CEO of the Switzerland region. Dr. Koerner received a Doctorate in Philosophy in Business Administration from Universitaet St. Gallen and served several years thereafter as an auditor for Price Waterhouse and as a management consultant for McKinsey & Company. Additionally to his duties at the Company, Dr. Koerner is Vice Chairman of the Committee of the Governing Board of the Swiss Bankers Association, Chairman of the Widder Hotel, Zurich, and Vice President of the Board of Lyceum Alpinum Zuoz. He is Deputy Chairman of the Supervisory Board of UBS Deutschland AG, Chairman of the Foundation Board of the UBS Pension Fund, Member of the Financial Service Chapter Board of the Swiss-American Chamber of Commerce and Member of the Advisory Board of the Department of Banking and Finance at Universitaet Zuerich.

Robert McCann

Mr. Robert (Bob) J. McCann has been Member of the Executive Board, CEO of Wealth Management Americas, and CEO of Group Americas of UBS AG since December 2011. Prior to that, he acted as Member of the Executive Board of the Company and CEO of Wealth Management from October 27, 2009. Before joining UBS AG, he worked for Merrill Lynch & Company as Vice Chairman and President of the Global Wealth Management Group. In 2003 Mr. McCann served as Vice Chairman of Distribution and Marketing for AXA Financial. He started his career with Merrill Lynch in 1982, working in various positions in capital markets and research. From 1998 to 2000, Mr. McCann was the Global Head of Global Institutional Debt and Equity Sales. In 2000 he became the Chief Operating Officer (COO) of Global Markets and Investment Banking, and from 2001 to 2003, he was the Head of Global Securities Research and Economics. Mr. McCann graduated with a Bachelor degree in Economics from Bethany College, West Virginia in 1980. He also holds a Master of Business Administration degree from Texas Christian University, Fort Worth, and completed the Advanced Management Program at Harvard Business School. Mr. McCann is Board Member of the American Ireland Fund, and is Vice Chairman of the Bethany College Board of Trustees. He is Member of the No Greater Sacrifice Advisory Board, Washington D.C.

Andrea Orcel

Mr. Andrea Orcel has served as Member of the Executive Board of UBS AG and Co-CEO of UBS Investment Bank at UBS AG since July 2012. He joined UBS from Bank of America, where he had been Executive Chairman of Bank of America Merrill Lynch since 2009, President of Emerging Markets (ex Asia) since 2010 and CEO European Card Services since 2011. Prior to Merrill Lynch's acquisition by Bank of America, Mr. Orcel was Member of Merrill Lynch's Global Management Committee and Head of Global Origination, which combined Investment Banking and Capital Markets. He held a number of other leadership positions, including President of Global Markets & Investment Banking for Europe, Middle East and Africa (EMEA) and Head of EMEA Origination beginning in 2004. Between 2003 and 2007, he led the Global Financial Institutions Group, of which he had been part since joining Merrill Lynch in 1992, after working previously at Goldman Sachs and the Boston Consulting Group. Mr. Orcel holds an MBA from INSEAD and a degree in economics and commerce, summa cum laude, from the University of Rome.

Chi-Won Yoon

Mr. Chi-Won Yoon has been Member of the Executive Board and CEO Group Asia Pacific of UBS AG since April 2012. Prior to that, he served as Member of the Executive Board of the Company from June 25, 2009. Prior to his current role, he served in APAC’s securities businesses such as Equities, which he headed from 2004 to 2009 and FICC, which he was brought in to lead in February 2009. Mr. Yoon, who joined UBS AG in 1997, began his career in financial services in 1986. He worked first at Merrill Lynch in New York and then at Lehman Brothers in New York and Hong Kong. Before embarking on a Wall Street career, Mr. Yoon worked as an Electrical Engineer in satellite communications. In 1982, Mr. Yoon earned a Bachelor degree in Electrical Engineering from the Massachusetts Institute of Technology (MIT) and in 1986, a Masters degree in Management from MIT’s Sloan School of Management. Mr. Yoon is on the Asian Executive Board of MIT’s Sloan School of Management.

Juerg Zeltner

Mr. Juerg Zeltner has been Member of the Executive Board and CEO of UBS Wealth Management of UBS AG since February 10, 2009. In November 2007, he was appointed Head of Wealth Management North, East & Central Europe and became a member of the Group Managing Board in the same year. From 2005 to 2008, he was CEO of UBS Deutschland AG, Frankfurt and became CEO of all UBS business in Benelux, Germany and Central Europe in 2007. Prior to that, he held various management positions in the Private Banking Division of UBS. Between 1987 and 1998, Mr. Zeltner was with SBC in various roles within the Private and Corporate Client Division in Bern, New York and Zurich. He graduated from the School of Economics and Business Administration in Bern and completed the Advanced Management Program at Harvard Business School. Mr. Zeltner is Board Member of the German-Swiss Chamber of Commerce and the UBS Optimus Foundation.

Rainer-Marc Frey

Mr. Rainer-Marc Frey has been Member of the Board of Directors of UBS AG since October 2, 2008. In addition, he acts as Member of the Member of the Human Resources Committee, Compensation Committee and Member of the Risk Committee of the Company. Mr. Frey is the Founder and Chairman of Horizon2. In 1992, he founded RMF Investment Group (RMF), a hedge fund group in Europe, and became Chief Executive Officer. RMF was acquired by Man Group Plc in 2002. Between 2002 and 2004, he held a number of senior roles within the Man Group Plc. From 1989 to 1992, prior to founding RMF, Mr. Frey served as a Director at Salomon Brothers Inc. in Zurich, Frankfurt and London, where he mainly was involved with equity derivatives. Between 1987 and 1989, he worked for Merrill Lynch Inc. covering equity, fixed income and swaps markets. He holds a Master Degree in Economics from Universitaet St. Gallen (Switzerland). Mr. Frey is Member of the board of DKSH Group, Zurich, as well as of the Frey Charitable Foundation, Freienbach.

Ann Godbehere

Ms. Ann Frances Godbehere has served as Member of the Board of Directors at UBS AG since April 15, 2009. In addtion, she has chaired the Human Resources and Compensation Committee since 2011 and has been Member of the Audit Committee at the Company since 2009. Ms. Godbehere was asked by the United Kingdom government to act as Chief Financial Officer (CFO) and Executive Officer of Northern Rock during the initial phase of the business’ public ownership from February 2008 until January 2009. Prior to this role, she served as CFO of Swiss Re Group from 2003 to 2007. Ms. Godbehere was CFO of the Property and Casualty division in Zurich for two years, before this she served as CFO of the Life & Health division in London for three years. From 1997 to 1998, Ms. Godbehere was CEO of Swiss Re Life & Health in Canada. In 1996 and 1997, she was CFO of Swiss Re Life & Health North America. She is a certified general accountant, and in 2003, was made a fellow of the Certified General Accountants Association of Canada. Ms. Godbehere is Board Member and Chairperson of the Audit Committees of Prudential plc, Rio Tinto plc and Rio Tinto Limited in London. She is on the Board of Atrium Underwriters Ltd. and Atrium Underwriting Group Ltd., London. She is also Member of the Board and Chairperson of the Audit Committee of Ariel Holdings Ltd., Bermuda.

Axel Lehmann

Mr. Axel P. Lehmann has been Member of the Board of Directors at UBS AG since April 15, 2009. In addtion, he acts as Member of the Risk Committee since 2009 as well as the Governance and Nominating Committee at the Company since 2011. He is Member of the Group Executive Committee of Zurich Financial Services (Zurich) and has been Group Chief Risk Officer since January 2008 and Regional Chairman Europe since October 2011. In July 2011 he was appointed Chairman of the Board of Farmers Group, Inc., and was responsible for Group Information Technology (IT) from 2008 until 2010. In September 2004, Mr. Lehmann was appointed CEO of Zurich American Insurance Company and the North America Commercial business division in Schaumburg, Illinois. He became a member of Zurich’s Group Executive Committee and CEO of its Continental Europe business division in 2002, and subsequently was in charge, in 2004, of integrating it with UK, Ireland and South Africa. In 2001, he took over the responsibility for Northern, Central and Eastern Europe and was appointed CEO of the Zurich Group Germany. In 2000, Mr. Lehmann became a Member of the Group Management Board where he was responsible for Group-wide business development functions. Before he joined Zurich in 1996, he was Head of Corporate Planning and Controlling for Swiss Life in Zurich. He holds a Doctorate in Philosopy and a Master’s degree in Business Administration and Economics from the Universitaet St. Gallen and he is a graduate of the Wharton Advanced Management Program and an honorary professor of business administration and service management at the University of St. Gallen. He is a member and past Chairman of the Chief Risk Officer Forum and is a member of the executive committee of the International Financial Risk Institute Foundation.

Helmut Panke

Dr. Helmut Panke has been Member of the Board of Directors of UBS AG since April 15, 2004. Additionally, he acts as Member of the Human Resources and Compensation Committee as well as Member of the Risk Committee at the Company. Dr. Panke was Chairman of the Board of Management of BMW AG, Munich, between 2002 and September 2006. In 1982, he joined as head of Planning and Controlling in the Research and Development Division. He subsequently assumed management functions in corporate planning, organization and corporate strategy. Before his appointment as Chairman, he was a member of BMW’s Board of Management from 1996. Between 1993 and 1996, Dr. Panke was Chairman and Chief Executive Officer (CEO) of BMW Holding Corporation in the United States. Mr. Panke graduated from Ludwig-Maximilians-Universitaet Muenchen with a doctoral degree in physics (Doctorate in Philosophy) and was assigned to the University of Munich and the Swiss Institute for Nuclear Research before joining McKinsey in Duesseldorf and Munich as a consultant. Mr. Panke is Member of the Board of Microsoft Corporation (Chairperson of the Antitrust Compliance Committee) and Singapore Airlines Ltd. He is Member of the Supervisory Board of Bayer AG.

Isabelle Romy

Dr. Isabelle Romy has served as Member of the Board of Directors of UBS AG since 2012. She has been Member of the Audit Committee and the Governance and Nominating Committee since 2012. She is a lawyer and from 2003 to May 2012, she was a partner at a Swiss law firm, which is based in Zurich and active internationally; from 1995 to 2002 she was an associate at said firm. She specializes in international litigation and arbitration. In addition, Dr. Romy has been an associate professor at Universitaet Fribourg and at the Federal Institute of Technology in Lausanne (EPFL) since 1996. Between 2003 and 2008, she served as a deputy judge at the Swiss Federal Supreme Court. From 1999 to 2006 she was a member of the Ethics Commission at the EPFL. Dr. Romy completed her PhD in Law (Dr. iur.) at Universite de Lausanne in 1990 and has been a qualified attorney-at-law admitted to the bar since 1991. From 1992 to 1994 she was a visiting scholar at Boalt Hall School of Law, University of California, Berkeley, and completed her professorial thesis at the University of Fribourg in 1996. She has been the Vice Chairman of the Sanction Commission of the SIX Swiss Exchange since 2008, where she has been a member since 2002.

Beatrice Weder di Mauro

Ms. Beatrice Weder di Mauro has served as Member of the Board of Directors of UBS AG since 2012. She has been a member of the Audit Committee and Risk Committee of the Company since 2012. She has been a professor of economics, economic policy and international macroeconomics at the Johannes Gutenberg University of Mainz since 2001. Ms. Weder di Mauro was a member of the German Council of Economic Experts from 2004 to 2012. In 2010, she was a resident scholar at the International Monetary Fund (IMF) in Washington, D.C., and in 2006 a visiting scholar at the National Bureau of Economic Research, Cambridge, MA. Since 2003 Ms. Weder di Mauro has been a research fellow of the Center for Economic Policy Research in London. She was an associate professor of economics at the University of Basel between 1998 and 2001 and a research fellow at the United Nations University in Tokyo from 1997 to 1998. Prior to this she worked as an economist for the World Bank and the IMF in Washington, D.C. Ms. Weder di Mauro completed her PhD in Economics at Universitaet Basel in 1993 and received her habilitation there in 1999.

Reto Francioni

Prof. Dr. Reto Francioni is Independent Member of the Board of Directors at UBS AG since May 2, 2013. He is Member of the Corporate Responsibility Committee at the Company. He has been Chief Executive Officer (CEO) of Deutsche Boerse AG since 2005. Since 2006, he has been a professor of applied capital markets theory at the University of Basel. From 2002 to 2005, he was Chairman of the Supervisory Board and President of the SWX Group, Zurich. Mr. Francioni was co-CEO and Spokesman for the Board of Directors of Consors AG, Nuremberg, from 2000 to 2002. Between 1993 and 2000, he held various management positions at Deutsche Boerse AG, including that of Deputy CEO from 1999 to 2000. From 1992 to 1993, he served in the corporate finance division of Hoffmann-La Roche, Basel. Prior to this, he worked for several years for Association Tripartite Bourses and, from 1985 to 1988, for the former Credit Suisse, holding positions in the equity sales and legal departments. He started his professional career in 1981 in the commerce division of Union Bank of Switzerland. Mr. Francioni completed his studies in law in 1981 and his PhD in 1987 at the University of Zurich (Universitaet Zuerich).

William Parrett

Mr. William G. Parrett has been Independent Member of the Board of Directors of UBS AG since October 2, 2008. In addtion, he has acted as Chairman of the Audit Committee at the Company since 2009, and as Member of the Corporate Responsibility Committee since 2012. Mr. Parrett served his entire career with Deloitte Touche Tohmatsu. He was Chief Executive Officer from 2003 until his retirement in 2007. Between 1999 and 2003, he was Managing Partner of Deloitte & Touche USA LLP and served on Deloitte’s global Executive Committee. Mr. Parrett founded the United States National Financial Services Industry Group (1995) and the Global Financial Services Industry Group (1997) of Deloitte, both of which he led as Chairman. In his 40 years of experience in professional services, Mr. Parrett served public, private, governmental, and state-owned clients worldwide. Mr. Parrett has a Bachelor in Accounting of St. Francis College, New York, and is a Certified Public Accountant. Mr. Parrett is an independent Director of the Eastman Kodak Company, the Blackstone Group LP, and Thermo Fisher Scientific Inc. He is also Chairman of the Board of Directors of the United States Council for International Business and United Way Worldwide. He is a Carnegie Hall Board of Trustees Member.

Joseph Yam

Mr. Joseph Yam has been Independent Member of the Board of Directors at UBS AG since April 28, 2011. He has been Member of the Corporate Responsibility Committee and the Risk Committee at the Company since 2011. He is Executive Vice President of the China Society for Finance and Banking, and in that capacity, serves as an advisor to the People's Bank of China since 2009. He was instrumental in the establishment of the Hong Kong Monetary Authority and served as its Chief Executive from 1993 until his retirement in 2009. He began his career in Hong Kong as a statistician in 1971 and served the public for over 38 years. During his service he occupied several positions such as Director of the Office of the Exchange Fund in 1991, Deputy Secretary for Monetary Affairs in 1985 and Principal Assistant Secretary for Monetary Affairs in 1982. Mr. Yam graduated at the University of Hong Kong in 1970 with first class honors in Economics and Statistics. He holds a few honorary doctorate degrees and professorships from a number of universities in Hong Kong and overseas. He is a Distinguished Research Fellow of the Institute of Global Economics and Finance at the Chinese University of Hong Kong. Mr. Yam is Chairman of the board of Macroprudential Consultancy Limited and sits on the International Advisory Councils of a number of government and academic institutions. He is Board Member and chairs the Risk Committee of China Construction Bank. He is on the board of Johnson Electric Holdings Limited.

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