UBS promotes Iqbal Khan to steer wealth management

NEW YORK: UBS, the world’s biggest wealth manager, on Tuesday named Iqbal Khan the sole head of the Swiss bank’s global wealth management division in an executive board reshuffle.
Khan, who joined Switzerland’s biggest bank in 2019 to co-head its flagship division, will take over when co-president Tom Naratil steps down in October after decades with the bank.
Naureen Hassan, the second-ranking officer at the New York Federal Reserve, replaces Naratil in his second role as president of UBS Americas, the bank said in a statement.