John Fraser steps down as UBS global asset management CEO

John Fraser is stepping down as chief executive of UBS’ global asset management division at the end of the year.

Mr Fraser has led the business since 2001, having joined UBS in 1994, and he will remain on as chairman.

He is to be replaced by Ulrich Koerner, who is currently the firm’s chief operating officer, a role which Tom Naratil will take on in addition to his role as chief financial officer when Mr Koerner is promoted.

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