July 23, 2018 / 1:28 PM / in 9 months

UBS manager leaves wealth management division after revamp

FILE PHOTO: The logo of Swiss bank UBS is seen at the company's headquarters in Zurich, February 10, 2015. REUTERS/Arnd Wiegmann/File Photo GLOBAL BUSINESS WEEK AHEAD - RC15BA763900

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

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