Nationality Switzerland Name Jurg Zeltner | ||
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Born 4 May 1967 (age 56) ( 1967-05-04 ) Alma mater Harvard Business School Occupation President Wealth Management at UBS Group AG | ||
Education Harvard Business School | ||
ST Singaporean of the Year: President of UBS Wealth Management, Jürg Zeltner, gives a speech
Jürg Zeltner (born 4 May 1967 in Switzerland) is a Swiss Manager. He is the President of UBS Wealth Management and has served as a member of the UBS Group Executive Board since February 2009 . In February 2015, Zeltner ranked second among the best global private banking CEOs, as shown by the Euromoney private banking survey 2015.
Contents
- ST Singaporean of the Year President of UBS Wealth Management Jrg Zeltner gives a speech
- Education
- Career progression in UBS
- Business strategy
- Activities and functions
- Philanthropy
- Publications
- References
From February 2009 to January 2012 he was co-CEO of Wealth Management and Swiss Bank.
Education
Growing up, Zeltner wanted to study veterinary medicine, but ended up doing an internship at Swiss Bank Corporation which later merged with Union Bank of Switzerland to form his current employer UBS. Zeltner holds a diploma in Business Administration from the College of Higher Vocational Education in Bern and is a graduate of the Advanced Management Program at Harvard Business School.
Career progression in UBS
Zeltner joined the Corporate Client division of the Swiss Bank Corporation (SBC) in 1987. Between 1987 and 1998, Zeltner occupied numerous roles at Swiss Bank Corporation (SBC) within the Private and Corporate Client division in Bern, New York City, and Zurich: Amongst other roles, Zeltner was Credit Risk Officer for Corporate and Institutional clients.
Following the merger of SBC with the Union Bank of Switzerland (SBG/UBS) to become UBS in 1998, Zeltner was appointed as head of Portfolio Management for Risk Transformation and Capital Management.
From 2005 to 2007 he occupied the position of CEO at UBS Deutschland, Frankfurt. In November 2007, he was appointed as Head of Wealth Management North, East & Central Europe. From February 2009 to January 2012 he was co-CEO of Wealth Management and Swiss Bank.
Business strategy
On 17 November 2011, UBS held their annual Investor Day in New York. Jürg Zeltner gave a presentation on the UBS Wealth Management Division in which he outlined how the business is positioned in the financial markets and in view of future growth. He pointed out that UBS's strategy is centered around its wealth management business.
In February 2015, Jürg Zeltner was awarded second position among the ten best global private banking CEOs of 2015 and he revealed the strategies behind the Wealth Management division. According to him, there has been a shift from asset gathering and product manufacturing to clients advisory and, with the markets moving so rapidly, portfolio diversification. According to Zeltner the focus of wealth management must be on advising clients on how to position their portfolio and on carrying research on asset allocation and on investment management. With regard to the move of the Swiss National Bank to unpeg the Swiss franc from the euro, he affirmed that "the sharp fall in the Swiss equity markets and the currency turmoil highlight the importance of portfolio diversification. Anyone who follows this principle and holds securities in all the world's major markets, hedging their currency risks, is financially better equipped to cope with this decision, giving UBS the opportunity to demonstrate to clients why they need us." In 2016, his work to improve private banking is appreciated even by his competitor.
Activities and functions
Philanthropy
Zeltner is Chairman of the UBS Optimus Foundation and a board member of the German-Swiss Chamber of Commerce.
At the World Economic Forum of 2015, UBS presented the Davos Challenge, Walk for Education, encouraging 1000 delegates to walk for bicycles for children in South Africa. Zeltner took the challenge together with Axel A. Weber and other UBS participants.