UBS Group AG (NYSE:UBS) shares are trading higher after the bank disclosed that it would split its top wealth management role to streamline its executive board. UBS announced several changes to its Group Executive Board (GEB), effective 1 July 2024. The bank appointed Iqbal Khan as the President of UBS Asia-Pacific, effective 1 September 2024, along with the co-president of the Global Wealth Management (GWM) division. UBS also named Rob Karofsky as Co-President of UBS investment bank, head of the Americas and co-president of global wealth management alongside current wealth management. Apart from this, UBS appointed George Athanasopoulos and Marco Valla as the Co-Presidents of the Investment Bank. The bank stated that Ulrich Körner, CEO of Credit Suisse AG, will step down from the GEB at the end of June and retire from UBS later this year. Also, Edmund Koh and Naureen Hassan ...