Swiss banking giant UBS has named a new Head of Group Strategy, the new man will have responsibility for Group Corporate Development and Performance.
Michael Bonacker takes up the role today, succeeding Dierk von Schuckmann, who will now assume the role of Asset Management Chief Financial Officer.
Bonacker is considered a close confidant of the former Commerzbank CEO Martin Blessing, (pictured) who has headed the Switzerland-UBS business since 2016.
Prior to taking on the new UBS role Bonacker was head of Asset Management and Corporate Banking.at BHF-BANK Aktiengesellschaft.
Before that he was Head of Group Development & Strategy at Commerzbank and served as a Managing Director at Lehman Brothers and Deutsche Bank. He began his career at McKinsey & Company, where he became a partner in 1996.
