UBS Group Chairman Axel Weber suggested the bank should consider appointing a chairwoman after he exits next year as the bank seeks to address a lack of gender diversity on its board.
“My own transition is a good chance for the bank to onboard a chairwoman, and I’m very committed to looking at that,” Weber said at the DIW Women in Finance conference Thursday.
UBS is planning to appoint the successor to Weber, 64, at the annual general meeting next year.
Weber, who is himself involved in the search process along with Chief Executive Ralph Hamers, plans to step down after 10 years. The search for his successor started early this year and is being led by senior independent director Jeremy Anderson.
When Weber started at UBS, the bank planned to have women accounting for at least half of the board of directors, he said at the event. So far, the lender has only managed one-third, he said.
Separately, Cleveland Fed President Beth Hammack said the central bank could make a move by June if data show a clear economic trajectory.
After onboarding 26 new advisors in the first three months of 2025, the independent wealth platform is looking forward to continued momentum in Q2.
The SEC hailed the verdict against the investment advisor, who the agency said breached his fiduciary duty to retired and pre-retiree clients.
As Robinhood bets on prediction markets, advisors are skeptical of the app's push into the RIA custody and wealth management services.
Wealth arm thrives despite market headwinds.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
