UBS Group has announced changes in its executive oversight, particularly in regard to technological advancements and operations. This comes as the company enters a significant phase in executing its operational and technological strategies. To spearhead this pivotal phase, UBS has moved its Group Technology department under the direct supervision of the soon-to-be Group Chief Operating Officer.
Mike Dargan, the current Group Chief Operations and Technology Officer, is stepping down from his position at the end of December 2025. His departure has set into motion an immediate reshuffling of roles at the top echelons of the company’s operating and technology sections, as stated in a recent press release.
As of 1st January 2026, the Group Technology department will be reporting to Beatriz Martin, who will be assuming the position of Group Chief Operating Officer. This move is designed to consolidate daily operational accountability with technological governance.
In the meantime, Chris Gelvin will serve as the interim Head of Group Technology, while also retaining his current role as Chief Operating Officer of Group Technology. This arrangement will ensure continuity as UBS works on finalizing its long-term leadership structure.
The expanded portfolio of the Group COO is expected to facilitate seamless end-to-end operations, prioritize technological and artificial intelligence initiatives, and aid in completing the remaining technology integration process.
Sergio Ermotti, the Group CEO, has praised Dargan’s valuable contributions in positioning technology as a key driver for business growth and resilience. He particularly highlighted Dargan’s role in steering the company’s strategic shift towards AI and digitization.
The changes to UBS’s Group Executive Board are contingent on regulatory approval. However, the revised reporting lines and interim arrangements have been designed to ensure consistent execution throughout the transition period.
What is the purpose of the recent changes in UBS’s executive oversight?
The changes are intended to consolidate daily operational accountability with technological governance as the company enters a critical phase of executing its operational and technological strategies.
Who will be assuming the role of Group Chief Operating Officer in UBS?
Beatriz Martin will be assuming the role of Group Chief Operating Officer at UBS starting from 1st January 2026.
What is the role of technology in UBS’s business strategy?
Technology is seen as a key driver for business growth and resilience at UBS. The company is strategically shifting towards artificial intelligence and digitization.
