Change is afoot at UBS as the bank streamlines its Wealth Management division in Israel. Following the departure of Ido Ben Haim, who is stepping away from the firm to explore new horizons, UBS is positioning itself for a new era of unified leadership.
The decision comes from an internal memo authored by Katya Lehmann, Sector Head for Wealth Management in Eastern Europe, Israel, and Africa. According to the memo, the integration of business areas necessitated consolidating the leadership under one umbrella to enhance efficiency and strategic alignment.
Taking the reins as interim Market Head for Wealth Management in Israel is Yariv Shaphyr, a seasoned professional with over 25 years in investment advisory, trading, and structuring under his belt. Shaphyr’s impressive credentials include a decade of experience at Credit Suisse and UBS, where he specialized in servicing Ultra High Net Worth clients across both Europe and Israel. Fluent in both English and Hebrew, he recently held the position of Head of Global Family and Institutional Wealth in EMEA. The memo emphasizes that Shaphyr’s deep expertise will be crucial as UBS navigates this transitional phase.
As the dust settles on this leadership change, one thing remains clear: UBS is keen to maintain strong client relationships and continue its commitment to excellence in service, ensuring its wealth management remains a competitive force in the region.
What sparked the leadership change at UBS in Israel?
Ido Ben Haim’s departure from UBS to explore new opportunities triggered the restructuring in UBS’s Wealth Management division to unify leadership.
Who is taking over as interim Market Head of Wealth Management in Israel?
Yariv Shaphyr has been appointed as the interim Market Head, bringing over 25 years of experience in investment advisory and a strong background working with Ultra High Net Worth clients.
What are the next steps for UBS following this leadership transition?
UBS plans to focus on integrating its business areas under unified leadership, aiming to enhance operational efficiency and strengthen client relationships in the region.
