UBS Makes Tech, Operational C-Suite Changes

Editorial Staff

16 December 2025

has been instrumental in positioning our technology as a driver of business growth and resilience and progressing the firm’s strategic shift towards AI and digitisation,” Sergio Ermotti, CEO, said. “I would like to thank Mike for his significant contributions to UBS and wish him all the best for his future. I also congratulate Bea on her expanded responsibilities and thank her for her ongoing leadership.”

The bank flagged its AI ambitions in October when it announced that it had appointed Daniele Magazzeni as chief artificial intelligence officer to advance the firm’s AI strategy, boost innovation and increase adoption of new technologies, effective 1 January 2026. Magazzeni will be based in London.

Several wealth advisors, bankers and others in the industry are using AI in their work. For example, in a recent US private bank and trust companies report, Cerulli Associates said that advisors and home-office executives at banks have increased their use of AI for assisting with data reviewing and directly in portfolio construction and asset allocation.