UBS has appointed Daniele Magazzeni as Chief AI Officer to strengthen the firm’s AI strategy, drive innovation, and expand the use of emerging technologies.
Daniele joins UBS from J.P. Morgan, where he was Chief Analytics Officer for the EMEA region and the Commercial and Investment Bank.
In that role, he led the firm’s global analytics agenda across markets, banking, payments, and securities services, focusing on developing AI capabilities, fostering innovation, and ensuring sound governance.
He previously served as Associate Professor of Artificial Intelligence at King’s College London.
In his new position, Daniele will oversee UBS’s AI strategy, focusing on improving client services and employee productivity.
He will also lead the Chief AI Office, which manages the implementation of AI tools and processes, ensures consistent standards, and builds a robust technological foundation across the organisation.
He will be based in London and report to Mike Dargan, Group Chief Operations and Technology Officer, effective 1 January 2026.
“AI is a top priority for UBS,”
said Mike Dargan.
“I am delighted to welcome Daniele, with his experience in embedding AI into business processes, driving measurable efficiency improvements, and delivering commercial benefits. As Chief Artificial Intelligence Officer, he will further optimise our use of traditional, generative, and agentic AI to transform operations and deliver advanced solutions for our clients.”
Earlier this year, UBS launched several large-scale AI initiatives, known as Big Rocks, aimed at improving efficiency across the firm.
UBS currently has over 300 active AI use cases, with tools such as M365 Copilot and its in-house AI Assistant, Red, being introduced to employees globally.
Featured image credit: Edited by Fintech News Switzerland, based on image by lifeforstock via Freepik
