Damian Vogel to Become UBS Group Chief Risk Officer, Succeeding Christian Bluhm

​(Source: LinkedIn)

UBS announced today that its Chief Risk Officer Christian Bluhm decided to step down, who will be replaced by Damian Vogel, the current Chief Risk Officer for UBS's Global Wealth Management (GWM) business.

Damian will also join UBS´s Group Executive Board at the beginning of May 2023. He joined the bank in 2012, having held multiple seniors positions across GWM and Personal & Corporate Banking, as well as for region Switzerland. Prior to UBS, he has spent more than a decade in Credit Suisse, where he served as Director Credit Risk Management between 2010 and 2012.

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Christian Bluhm has been Group Chief Risk Officer since 2016. Under his leadership, the bank noted that, its risk function has evolved into one that embraces advanced analytics, digitalization, and innovative technology, including artificial intelligence.

Group Chief Executive Officer Ralph Hamers said: "I'm delighted to welcome Damian Vogel to the UBS Group Executive Board as our new Group Chief Risk Officer. With his strong track record, in-depth risk expertise, and experience across all asset classes, Damian is ideally suited to lead our risk function into the future. I'd also like to personally thank Christian for his leadership and commitment over the last six years and for the significant contributions he and his team have made to our sustainable performance through active risk management. I wish him all the best for the future."

Christian and Damian will work closely together over the coming months to ensure a smooth transition.