Jurg Zeltner

Jürg Zeltner
Personal details
Born (1967-05-04) 4 May 1967
Nationality Switzerland
Alma mater Harvard Business School
Occupation Former President Wealth Management at UBS Group AG (2014 to 2017)

Jürg Zeltner (born 4 May 1967) is a Swiss Manager. He was the President of UBS Wealth Management from November 2014 to December 2017.[1] He stepped down from the Group Executive Board at the end of 2017 and has retired from the firm as of 2018.[2][3] He has served as a member of the UBS Group Executive Board since February 2009 .[4] From February 2009 to January 2012 he was co-CEO of Wealth Management and Swiss Bank.[5] In February 2015, Zeltner ranked second among the best global private banking CEOs according to Euromoney private banking survey 2015.[6]

Education

Growing up, Zeltner wanted to study veterinary medicine, but ended up doing an internship at Swiss Bank Corporation which later merged with Union Bank of Switzerland to form his current employer UBS. [7] Zeltner holds a diploma in Business Administration from the College of Higher Vocational Education in Bern[4] and is a graduate of the Advanced Management Program at Harvard Business School.[4]

Career

Career progression in UBS

Zeltner joined the Corporate Client division of the Swiss Bank Corporation (SBC) in 1987.[4] Between 1987 and 1998, Zeltner occupied numerous roles at Swiss Bank Corporation (SBC) within the Private and Corporate Client division in Bern, New York City, and Zurich:[4] Amongst other roles, Zeltner was Credit Risk Officer for Corporate and Institutional clients.

Following the merger of SBC with the Union Bank of Switzerland (SBG/UBS) to become UBS in 1998, Zeltner was appointed as head of Portfolio Management for Risk Transformation and Capital Management.[4]

From 2005 to 2007 he occupied the position of CEO at UBS Deutschland, Frankfurt. In November 2007, he was appointed as Head of Wealth Management North, East & Central Europe.[4] From February 2009 to January 2012 he was co-CEO of Wealth Management and Swiss Bank.[5]

He was the President of UBS Wealth Management from November 2014 to December 2017.[1]

On 14 December 2017, UBS announced that Zeltner will step down from GEB at the end of the year. He has retired from the firm as of 2018. The Board of Directors has appointed Martin Blessing, former President of Human Resources & Corporate Banking and President of UBS Switzerland, to succeed him as President Wealth Management.[2][8]

Business strategy

On 17 November 2011, UBS held their annual Investor Day in New York. Jürg Zeltner gave a presentation on the UBS Wealth Management Division in which he outlined how the business is positioned in the financial markets and in view of future growth. He pointed out that UBS's strategy is centered around its wealth management business.[9]

In February 2015, Jürg Zeltner was awarded second position among the ten best global private banking CEOs of 2015 and he revealed the strategies behind the Wealth Management division.[6] According to him, there has been a shift from asset gathering and product manufacturing to clients advisory and, with the markets moving so rapidly, portfolio diversification. According to Zeltner the focus of wealth management must be on advising clients on how to position their portfolio and on carrying research on asset allocation and on investment management. With regard to the move of the Swiss National Bank to unpeg the Swiss franc from the euro, he affirmed that "the sharp fall in the Swiss equity markets and the currency turmoil highlight the importance of portfolio diversification. Anyone who follows this principle and holds securities in all the world's major markets, hedging their currency risks, is financially better equipped to cope with this decision, giving UBS the opportunity to demonstrate to clients why they need us."[9] In 2016, his work to improve private banking is appreciated even by his competitor. [10]

Activities and functions

  • Member of the IMD Foundation Board, Lausanne[11]

Philanthropy

Zeltner was Chairman of the UBS Optimus Foundation until he retired from the UBS at end of 2017.

At the World Economic Forum of 2015, UBS presented the Davos Challenge, Walk for Education, encouraging 1000 delegates to walk for bicycles for children in South Africa. Zeltner took the challenge together with Axel A. Weber and other UBS participants.[12]

Publications

  • June 2012
    • The changing face of wealth management[13]
  • November 2012
    • Portfolio returns in both good and bad times[14]
  • April 2013
    • The Wealth Management of the future[15]
  • November 2014
    • Aiming to create ‘better insight from better data’ - by Jürg Zeltner[16]
  • April 2015
    • „Wir reden über sehr viel Geld“[17]
  • September 2015
    • To survive and thrive, big banks need to collaborate and adapt - by Jürg Zeltner[18]
  • February 2016
    • Zeltner's Zeal for Private Banking[19]
  • September 2017
    • Seizing the Opportunities for Growth in Wealth Management[20]

References

  1. 1 2 https://www.ubs.com/global/en/about_ubs/corporate-governance/group-executive-board/cv-juerg-zeltner.html
  2. 1 2 "UBS announces changes to Group Executive Board". global. Retrieved 2018-03-12.
  3. ↑ "With Juerg Zeltner Exit, UBS Sweeps Out Vestiges of Past". finews.com. 2017-12-19. Retrieved 2018-03-12.
  4. 1 2 3 4 5 6 7 "CV Jürg Zeltner". global. Retrieved 2017-07-02.
  5. 1 2 "UBS". UBS. Retrieved 31 December 2014.
  6. 1 2 "Euromoney". Euromoney. Retrieved 16 February 2015.
  7. ↑ "UBS Seen Winning". Bloomberg. Retrieved 18 April 2016.
  8. ↑ "UBS Wealth Chief to Be Replaced in Reshuffle". Bloomberg.com. 2017-12-13. Retrieved 2018-03-12.
  9. 1 2 "UBS Turns a Corner: Future Looks Bright for Swiss Bank". Euromoney. Retrieved 16 February 2015.
  10. ↑ "Zeltner's Zeal for Private Banking". global. Retrieved 2017-07-02.
  11. ↑ "IMD Board Members from S to Z". IMD business school. Retrieved 2017-05-28.
  12. ↑ "Davos Attendees To Wear Fitbits, Raise Money To Buy Bikes For Needy Kids". Huffington Post. 20 January 2015. Retrieved 23 December 2015.
  13. ↑ https://www.ubs.com/global/en/about_ubs/follow_ubs/juerg_zeltner/2012/6/20/the-changing-face-of-wealth-management.html
  14. ↑ https://www.ubs.com/global/en/about_ubs/follow_ubs/juerg_zeltner/2012/11/9/portfolio-returns-in-both-good-and-bad-times.html
  15. ↑ https://www.ubs.com/global/en/about_ubs/follow_ubs/juerg_zeltner/2013/4/22/the-wealth-management-of-the-future.html
  16. ↑ https://www.ubs.com/global/en/about_ubs/follow_ubs/juerg_zeltner/2014/11/17/better-insight-from-better-data.html
  17. ↑ https://www.ubs.com/global/en/about_ubs/follow_ubs/juerg_zeltner/2015/4/14/_wir-reden-ueber-sehr-viel-geld.html
  18. ↑ https://www.ubs.com/global/en/about_ubs/follow_ubs/juerg_zeltner/2015/9/18/to-survive-and-thrive--big-banks-need-to-collaborate-and-adapt--.html
  19. ↑ https://www.ubs.com/global/en/about_ubs/follow_ubs/juerg_zeltner/2016/2/11/zeltner-s-zeal-for-private-banking.html
  20. ↑ https://www.ubs.com/global/en/about_ubs/follow_ubs/juerg_zeltner/2017/9/14/seizing-the-opportunities-for-growth-in-wealth-management.html
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.