UBS’s Iqbal Khan Named Solo Head Of Global Wealth Management, Naratil Steps Down

NEW YORK (Reuters) – UBS Group AG on Monday named Iqbal Khan the sole head of its global wealth management division, amid a flurry of changes to the Swiss bank’s executive board.

Tom Naratil, who had been Khan’s co-president of global wealth management and president of UBS Americas, will step down from those roles in October, according to a press release from the bank.

(Reporting by Elizabeth Dilts Marshall; Editing by Chris Reese)