UBS promotes Khan and hires Hassan for US wealth push

UBS Group AG appointed Iqbal Khan solely responsible for wealth management and declared the other co-responsible, Tom Naratilwithdraws.

The Swiss bank said it hired Naureen Hassan of the Federal Reserve Bank of New York to succeed Mr. Naratil in the additional roles he holds as Chairman of UBS Americas and Managing Director of its holding company Americas. The changes come into effect on October 3.