ZURICH (Reuters) - Swiss bank UBS (UBSG.S) on Monday confirmed a top manager from its wealth management division will leave the bank at the end of the year.
Jakob Stott was most recently a vice president in the wealth management division, after having previously been the head of wealth management for Europe for several years.
The change, which was communicated within UBS in a memo seen by Reuters, was initially reported by news portal www.finews.ch
UBS reorganised its wealth management divisions several months ago in a shift that included several management changes.
Last week, the bank also appointed a new leader at its Luxembourg wealth management unit.
Reporting by Angelika Gruber, writing by John Miller, editing by David Evans