UBS announced that Mike Dargan will step down as Group Chief Operations and Technology Officer at the end of December to pursue an opportunity outside the bank.

From 1 January 2026, the Group Technology function will report to Beatriz Martin in her new role as Group Chief Operating Officer.

Chris Gelvin will serve as interim Head of Group Technology, in addition to his current role as Chief Operating Officer, Group Technology, until a permanent successor is appointed.

Adding Group Technology to the COO portfolio aims to support end-to-end operations, prioritise technology and AI initiatives, and complete the remaining technology integration process.

Commenting on the appointments, Group CEO Sergio P. Ermotti said:

“Mike has been instrumental in positioning our technology as a driver of business growth and resilience and progressing the firm’s strategic shift towards AI and digitisation. I would like to thank Mike for his significant contributions to UBS and wish him all the best for the future. I also congratulate Bea on her expanded responsibilities and thank her for her ongoing leadership.”

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