Switzerland
UBS wealth chief Zeltner replaced by Blessing in revamp
Move is second high-profile private banking departure in two weeks after Julius Baer Group chief Boris Collardi left bank for Pictet.
Juerg Zeltner, the head of UBS Group's $1.3 trillion (€1.1 trillion) wealth-management unit, is stepping down in January and will be replaced by Switzerland chief and former Commerzbank head Martin Blessing.
The move is the second high-profile private banking departure in two weeks after Julius Baer Group chief Boris Collardi left the bank for Pictet & Cie.
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