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UBS appoints new CEO for wealth management UK & Jersey operations

Swiss bank UBS has named James Broderick as the new CEO of wealth management UK & Jersey, replacing Andre Cronje to strengthen the business operations in the region.

He will be based in London, and report to Jakob Stott, CEO wealth management Europe.

"Jamie brings with him a distinctive track record of building a leading business franchise in a competitive, multi-jurisdictional marketplace and managing the challenges of difficult markets and a complex regulatory environment," Stott said.

Prior to accepting the current role, Broderick has worked with JP Morgan and most recently he was acting as head of the firm’s Asset Management business in Europe, the Middle East and Africa and CEO of its principal affiliates in Europe.

He joined JP Morgan in 1993, and managed the development of the firm’s UK and European mutual fund business.

Before JP Morgan, Broderick served as a vice president at Wellington Management Company, and as director of its Client Marketing Services Group.

Headquartered in Zurich and Basel, UBS trades in more than 50 nations with the help of 63,500 staff and offers financial services to private, corporate and institutional clients.