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ING Group’s Ralph Hamers Named UBS Group CEO

Zurich-based global financial services giant UBS Group AG (UBS) has announced a new CEO to head its global business. Ralph Hamers will be UBS Group Chief Executive Officer, effective November 1, 2020. Ralph is joining the company on 1 September 2020 in order to ensure a smooth leadership transition. The new CEO will replace Sergio P. Ermotti.

Ralph Hamers
Ralph Hamers

At the time of this announcement, UBS Group AG Board Chairman Axel A. Weber said, “Ralph is the right CEO to lead our business into its next chapter. A seasoned and well-respected banker with proven expertise in digital transformation, Ralph has an impressive track record leading ING Group for more than six years.”

In his previous roles at ING, Ralph has led the charge to bring a fundamental change and continuous transformation in the investment banking and asset management.

Today, UBS is among the world’s leading wealth management firm, supported by a global investment bank with world-leading equity research capability, and a large-scale and diversified asset manager with a strong focus on sustainable investing.

On his appointment, Ralph Hamers said, “I’m honored by the opportunity to lead this great institution. I have long admired the firm’s transformation under the leadership of Axel and Sergio. The firm has an outstanding global client franchise across its business divisions, all of which are underpinned by the incredibly strong UBS brand. I’m looking forward to working with the senior management team, the Board of Directors and all of UBS’s employees to further strengthen the franchise and serve UBS’s clients to achieve their goals.”

UBS recently made changes to its Board of Directors in January 2020. Nathalie Rachou and Mark Hughes were nominated for election to the Board of Directors of UBS Group AG.

Top UBS Competitors in the Financial Services Industry

UBS is competing with globally-recognized financial services providers. These include top players, including —

1. ABN AMRO Bank

2. Barclays Bank

3. RBS

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4. Goldman Sachs Group

5. J.P. Morgan Chase

6. BNP Paribas

7. HSBC Holdings

8. Wells Fargo

9. Barclays

10. Morgan Stanley

11. Standard Chartered Bank

12. Bank of America

13. Rabobank

14. Banco Santander

15. Citi

(To share your insights and views on the current financial services and banking technology industry, please write to us at sghosh@martechseries.com)

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