UBS Splits European Wealth Unit Into Three; Cuts up to 500 Jobs

UBS has announced a new strategy to enhance speed and connectivity between rich clients and the investment bank. This involves cutting 500 jobs and restructuring management to improve efficiency. Key personnel changes include Novakovic focusing on Western Europe and Chikodi Stasy leading structuring outside America. The strategy aims to integrate investment banking with wealth management, a playbook previously successful at Credit Suisse.

Who is going to run the Middle East and Africa according to the new strategy?

What role does Chikodi Stasy play in the new management structure?