Report of Foreign Issuer (6-k)
January 10 2020 - 6:14AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Date: January 10, 2020
UBS Group AG
Commission File Number: 1-36764
UBS AG
Commission File Number: 1-15060
(Registrants'
Names)
Bahnhofstrasse 45, Zurich, Switzerland and
Aeschenvorstadt 1, Basel, Switzerland
(Address
of principal executive offices)
Indicate by check mark whether the registrants file or
will file annual reports under cover of Form 20‑F or Form 40-F.
This Form 6-K consists of the new release which appears immediately
following this page.
Investor
Relations
Tel. +41-44-234 41 00
Media Relations
Tel. +41-44-234 85 00
10 January 2020
|
News Release
|
Changes
to the UBS Board of Directors
|
|
Nathalie Rachou and
Mark Hughes to be nominated for election to the UBS Board of Directors of UBS
Group AG at the forthcoming Annual General Meeting. David Sidwell and
Isabelle Romy not standing for re-election.
|
|
Zurich, 10 January 2020 – The UBS Board of
Directors of UBS Group AG announced today that it will nominate Nathalie Rachou
and Mark Hughes for election to the Board at the Annual General Meeting on 29
April, 2020. David Sidwell and Isabelle Romy will not stand for re-election.
David Sidwell will have completed a twelve year term of office and Isabelle
Romy has decided to step down after eight years on the UBS Board.
Nathalie Rachou (born 1957) has been a member of
the Board of Directors at Société Générale and will step down from that
position on 19 May, 2020 – a position she has held for twelve years. In 1999,
she founded Topiary Finance Ltd., an asset management company based in London
that merged with the investment company Rouvier Associés in 2014. She retains a
role as senior advisor to the firm. From 1978 to 1999, she held a number of
positions within Banque Indosuez and Crédit Agricole Indosuez, including roles
in capital markets and as Chief Operating Officer of the brokerage subsidiary
of Banque Indosuez. She graduated from HEC in Paris with a master's degree in
management and holds an executive MBA from Insead. Nathalie Rachou is a French
citizen.
Mark Hughes (born 1958) was Group Chief Risk
Officer of Royal Bank of Canada (RBC) from 2014 to 2018 and is currently chair
of the Global Risk Institute and a visiting lecturer at Leeds University. He
joined RBC in 1981 and spent his entire career working for the bank in Canada,
the US and the UK. He held various senior leadership positions such as Chief
Operating Officer Capital Markets and Head of Global Credit. For more than 20 years,
Mark Hughes has served on RBC's subsidiary boards. Mark Hughes received his MBA
in finance from Manchester Business School and his LLB from Leeds University,
both in England. He is a Canadian, UK and US citizen.
UBS Chairman Axel Weber commented: "I am
very pleased to announce the nomination of Nathalie Rachou and Mark Hughes for
election to the Board. They will add a wealth of knowledge and experience from
across the banking sector and geographies, with a particularly deep
understanding of risk management. I look forward to working with them on the
UBS Board."
"David has been an important pillar of the
Board through a challenging period in the firm's history, serving as chair of
the Risk Committee, Senior Independent Director, Vice Chairman, and a member of
the Governance and Nominating Committee. He has been instrumental in the
strategic repositioning of UBS and has contributed greatly to the fundamental
improvements in the firm's risk and control frameworks," says Axel Weber.
"Isabelle has contributed her excellent legal expertise to the Board and
served as a member of the Audit Committee as well as Governance and Nominating
Committee. We thank both David and Isabelle for their commitment, invaluable
collaboration and outstanding service, and wish them all the best for their
future endeavors."
UBS Group AG, News
Release, 10 January-2020 Page
1
of 2
Investor
Relations
Tel. +41-44-234 41 00
Media Relations
Tel. +41-44-234 85 00
Investor contact
Switzerland: +41-44-234 41 00
Media contact
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
Americas: +1-212-882 58 58
APAC: +852-297-1 82 00
UBS Group AG, News
Release, 10 January-2020 Page
2
of 2
This Form 6-K is
hereby incorporated by reference into (1) each of the registration statements
of UBS AG on Form F-3 (Registration Number 333-225551) and on Form F-4
(Registration Number 333-234705), and of UBS Group AG on Form S-8 (Registration
Numbers 333-200634; 333-200635; 333-200641; 333-200665; 333-215254; 333-215255;
333-228653; and 333-230312), and into each prospectus outstanding under any of
the foregoing registration statements, (2) any outstanding offering circular or
similar document issued or authorized by UBS AG that incorporates by reference
any Form 6-K’s of UBS AG that are incorporated into its registration statements
filed with the SEC, and (3) the base prospectus of Corporate Asset Backed
Corporation (“CABCO”) dated June 23, 2004 (Registration Number 333-111572), the
Form 8-K of CABCO filed and dated June 23, 2004 (SEC File Number 001-13444),
and the Prospectus Supplements relating to the CABCO Series 2004-101 Trust
dated May 10, 2004 and May 17, 2004 (Registration Number 033-91744 and
033-91744-05).
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrants have duly
caused this report to be signed on their behalf by the undersigned, thereunto
duly authorized.
UBS Group AG
By: _/s/ David Kelly______________
Name: David Kelly
Title: Managing Director
By: _/s/ Ella Campi ______________
Name: Ella Campi
Title: Executive Director
UBS AG
By: _/s/ David Kelly______________
Name: David Kelly
Title: Managing Director
By: _/s/ Ella Campi ______________
Name: Ella Campi
Title: Executive Director
Date: January 10, 2020
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