UBS Builds Global Asset Management Teams
UBS Names Marcelli Head of Global Investment Management in Restructuring
Table of Contents
- UBS Names Marcelli Head of Global Investment Management in Restructuring
- Marcelli to Succeed Marxer
- Wealth Management Reorganization
- Hoffmann-Burchardi to Become CIO for the Americas
- UBS Names Marcelli Head of Global Investment Management: your Questions Answered
- Who is Solita Marcelli, and what’s her new role at UBS?
- When will Solita Marcelli officially take on her new role?
- What are Solita Marcelli’s expanded responsibilities?
- Who is Bruno Marxer, and how does the transition work?
- What is the scope of the UBS wealth management restructuring?
- How is UBS restructuring its wealth management operations in the U.S.?
- Who is Ulrike Hoffmann-Burchardi, and what’s her new role?
- Who oversees the CIO area at UBS?
- Summary of Key Personnel Changes
NEW YORK (AP) — UBS has tapped Solita Marcelli, currently the Chief Investment Officer for the Americas, to lead its Global Investment Management division, according to an internal memo obtained by Reuters. The appointment is part of a broader restructuring of wealth management operations in the United States.
Marcelli to Succeed Marxer
Marcelli will succeed Bruno Marxer, who is slated to depart from the company at the end of the first quarter of 2026. She will officially assume her new role on July 1, 2024, expanding her responsibilities to include the Asia-Pacific region (APAC), Switzerland, and Europe, the Middle East, and Africa (EMEA), in addition to the Americas.
To ensure a seamless transition, Marxer will remain in his current position until Marcelli’s start date, the memo stated.
Wealth Management Reorganization
The personnel shift coincides wiht a realignment of wealth management operations within UBS in the U.S. that began last year. The U.S. wealth activities are being divided into six units, with a stated goal of serving a wider range of clients, “normal-mighters” as well as high-net-worth individuals.
Hoffmann-Burchardi to Become CIO for the Americas
Ulrike Hoffmann-Burchardi is expected to be named CIO for the Americas, effective July 1, according to the memo.Hoffmann-Burchardi will take on this role in addition to her existing responsibilities as CIO for global shares. mark Haefele continues to oversee the CIO area.
UBS Names Marcelli Head of Global Investment Management: your Questions Answered
Here’s a breakdown of the recent changes at UBS, focusing on Solita Marcelli’s new role and the wider restructuring efforts:
Who is Solita Marcelli, and what’s her new role at UBS?
Solita Marcelli, currently the Chief Investment Officer (CIO) for the Americas, has been appointed to lead UBS’s Global Investment Management division. This promotion was announced via an internal memo obtained by Reuters.
When will Solita Marcelli officially take on her new role?
Solita Marcelli is scheduled to officially assume her new responsibilities on July 1, 2024.
What are Solita Marcelli’s expanded responsibilities?
in her new role, Solita Marcelli’s responsibilities will expand to include the asia-Pacific region (APAC), Switzerland, and Europe, the Middle East, and Africa (EMEA), in addition to her current oversight of the Americas.
Who is Bruno Marxer, and how does the transition work?
Bruno marxer currently holds the leadership position Solita marcelli is taking over and is slated to depart at the end of the first quarter of 2026. To ensure a smooth transition, Marxer will remain in his current position until marcelli’s start date on July 1, 2024.
What is the scope of the UBS wealth management restructuring?
The appointment of Solita Marcelli is part of a broader restructuring of wealth management operations within UBS in the United States. This realignment coincides with changes implemented last year.
How is UBS restructuring its wealth management operations in the U.S.?
The U.S. wealth activities are being divided into six units. The stated goal is to serve a wider range of clients, including “normal-mighters” and high-net-worth individuals.
Who is Ulrike Hoffmann-Burchardi, and what’s her new role?
Ulrike Hoffmann-Burchardi is expected to be named CIO for the Americas, effective July 1, 2024. She will take on this role in addition to her existing responsibilities as CIO for global shares.
Who oversees the CIO area at UBS?
Mark Haefele continues to oversee the entire CIO area at UBS.
Summary of Key Personnel Changes
| Role Before | New Role | effective Date | Additional Responsibilities |
|—|—|—|—|
| Solita Marcelli, CIO Americas | Head of Global Investment Management | July 1, 2024 | Asia-Pacific (APAC), Switzerland, europe, Middle East, Africa (EMEA) |
| Bruno Marxer | Departing Leadership Position | End of Q1 2026 | N/A |
| Ulrike Hoffmann-Burchardi, CIO for global shares | CIO for the Americas | July 1, 2024 | Continues CIO for global shares |
| Mark Haefele | Overseeing CIO Area | Ongoing | N/A |