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UBS wealth planning head to step down

UBS wealth planning head to step down

The current head of wealth planning at UBS, Bernhard Buchs, is to step down next spring.

This was confirmed to Citywire Switzerland by sources familiar with the matter.

Buchs will hand over his responsibilities to Holger Engelhardt, who previously worked in Swiss personal banking as head of Zurich clients at UBS.

Engelhardt will report to Christian Wiesendanger, who took over as head of wealth management investment platforms and solutions this spring, after stepping down as head of wealth management Switzerland.

This is the latest in a string of high-profile moves at UBS. Just last week the president of UBS Wealth Management, Jürg Zeltner, stepped down from his role to retire after more than 30 years at the group.

The head of UBS Switzerland, Martin Blessing, subsequently took on the role, while Axel Lehmann took on the wealth management Switzerland role.

When approached about the moves, UBS declined to comment. 

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