UBS Creates Chief AI Officer Role, Appointing Daniele Magazzeni from January 2026

UBS has created the position of Chief Artificial Intelligence Officer and appointed Daniele Magazzeni to fill the role, with effect from 1 January 2026. The appointment makes Magazzeni the first person to hold the title at the Swiss banking group. The appointment, first announced on 16 October 2025, was followed on 23 October by a complementary change to the technology leadership structure, announced as part of a wider reshuffle of UBS's Group Executive Board: Mike Dargan, currently UBS's group chief operations and technology officer, will transition to the distinct role of group chief technology officer on the same date.

Magazzeni will report directly to Dargan, establishing an organisational structure in which the AI function sits within the broader technology leadership hierarchy but carries its own dedicated executive head.

DARGAN MOVES TO GROUP CHIEF TECHNOLOGY OFFICER

Mike Dargan's transition to the group CTO role comes alongside Beatriz Martin's appointment as group chief operating officer. As group CTO, Dargan will have Magazzeni's AI function reporting into him.

UBS said Magazzeni, who joins from J.P. Morgan where he was Chief Analytics Officer for EMEA and the Commercial and Investment Bank, will lead its AI strategy with a focus on client experience and employee productivity, and will head the Chief AI Office responsible for deploying AI tools across the firm; he will be based in London. UBS said Dargan would focus on technology platforms and on capturing the opportunities arising from rapid technological change, including in AI and digital assets.