By Pietro Lombardi

UBS Group AG said Friday that Chief Operating Officer Sabine Keller-Busse will succeed Axel Lehmann as President of the Personal and Corporate Banking and UBS Switzerland units.

Iqbal Khan, who is co-President of global wealth management, will also become President EMEA, succeeding Ms. Keller-Busse.

The changes will be effective as of Feb. 1.

Mr. Lehmann will leave the bank at the end of July and the group will appoint a new COO, it said.

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

(END) Dow Jones Newswires

12-04-20 0116ET