UBS Nominates Agustín Carstens and Luca Maestri for Board Election at April AGM

UBS announced on 27 February 2026 that its Board of Directors is nominating Agustín Carstens and Luca Maestri for election at the bank's annual general meeting scheduled for 15 April 2026. The Swiss banking group also confirmed that Markus Ronner has been nominated for board election at the same meeting, adding three prospective new members to a board that is simultaneously seeing three departures. William C. Dudley and Jeanette Wong will not stand for re-election at the AGM, and Vice Chairman Lukas Gähwiler is retiring, as announced in October 2025.

THE NOMINEES

Agustín Carstens served as General Manager of the Bank for International Settlements, the central bank to central banks headquartered in Basel, before his nomination. Prior to that role he was Governor of Banco de México and had earlier served in senior positions at the International Monetary Fund.

Luca Maestri is a former Chief Financial Officer of Apple.

Ronner, who spent more than 40 years at UBS and stepped down as Group Chief Compliance and Governance Officer in December 2025, was first proposed in October 2025 as a board member and as Gähwiler's successor as Vice Chairman.

DEPARTING DIRECTORS

William Dudley, the outgoing board member, previously served as President of the Federal Reserve Bank of New York.

Shareholders will formally vote on all three nominations at the 15 April AGM.