UBS names new European institutional chief
EUROPE – UBS Global Asset Management has named Michael Strobaek as head of its European institutional business in Europe outside Switzerland to take over from Christof Kutscher, who is moving to Hong Kong.
“Michael Strobaek has accepted the leadership of the institutional and wholesale business for EMEA (ex Switzerland),” said Gabriel Herrera, head of UBS Global Asset Management in Europe, the Middle East and Africa, in an internal UBS memo.
The move follows Kutscher appointment as head of UBS Global Asset Management Asia Pacific. Strobaek, chief investment officer for the business in Europe, joined the then Swiss Bank Corp. as a graduate in 1996 before it merged with UBS.
José Antonio Blanco will succeed Strobaek as European CIO and will join the unit’s European management committee. Swiss institutional head Andreas Schlatter retains his role and will join the management committee. Strobaek and Schlatter will report to Herrera. The changes are effective as of May 1.
“I would like to take this opportunity to thank Christof for his commitment and contribution to the EMEA business and wish him every success in Asia Pacific,” Herrera said.
Kutscher takes over in Hong Kong from Kai Sotorp, who moves to Chicago as head of UBS Global Asset Management, Americas. Sotorp replaces Brian Storms, who will leave the company.
Patrick O’Sullivan, head of global strategic planning for UBS Global Asset Management, will also move to Hong Kong in the newly created role of head of market development, Asia Pacific.