The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Zeltner leaves UBS Wealth as the clear global leader

Jürg Zeltner inspired UBS to regain its position as the world’s best private bank, and his departure has shocked many in the industry – what will he do next?

Jürg Zeltner, chief executive of UBS Wealth Management

UBS on Thursday announced that Jürg Zeltner, chief executive of its wealth management business, will step down at the end of the year, in the second recent unexpected senior departure at a top Swiss private bank.

At the end of November, Julius Baer announced that Boris Collardi, its chief executive, would be leaving to join Pictet.

No reason was given for Zeltner’s departure or what his next move would be. Sergio Ermotti, chief executive of UBS, said in a statement that Zeltner had made “outstanding contributions” to the bank and that he wished him all the best.

UBS said his replacement would be Martin Blessing, the one-time chief executive of Commerzbank, who had been running UBS’s Swiss banking business since September 2016. Axel Lehmann, group COO, will be stepping into Blessing’s role.

It’s a loss to UBS, and indeed the wealth management industry, if Zeltner, aged just 50, chooses to pursue a different career path.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.

By continuing to use & browse the site you agree to our Privacy Policy.
I agree