UBS Group Chairman Axel Weber suggested the bank should consider appointing a chairwoman after he exits next year as the bank seeks to address a lack of gender diversity on its board.
“My own transition is a good chance for the bank to onboard a chairwoman, and I’m very committed to looking at that,” Weber said at the DIW Women in Finance conference Thursday.
UBS is planning to appoint the successor to Weber, 64, at the annual general meeting next year.
Weber, who is himself involved in the search process along with Chief Executive Ralph Hamers, plans to step down after 10 years. The search for his successor started early this year and is being led by senior independent director Jeremy Anderson.
When Weber started at UBS, the bank planned to have women accounting for at least half of the board of directors, he said at the event. So far, the lender has only managed one-third, he said.
Catch-up contributions, required minimum distributions, and 529 plans are just some of the areas the Biden-ratified legislation touches.
Following a similar move by Robinhood, the online investing platform said it will also offer 24/5 trading initially with a menu of 100 US-listed stocks and ETFs.
The private equity giant will support the advisor tech marketing firm in boosting its AI capabilities and scaling its enterprise relationships.
The privately backed RIA's newest partner firm brings $850 million in assets while giving it a new foothold in the Salt Lake City region.
The latest preliminary data show $117 billion in second-quarter sales, but hints of a slowdown are emerging.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.