UBS's Iqbal Khan named solo head of global wealth management, Naratil steps down

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NEW YORK (Reuters) – UBS Group AG (SIX:UBSG) on Monday named Iqbal Khan the sole head of its global wealth management division, amid a flurry of changes to the Swiss bank’s executive board.

Tom Naratil, who had been Khan’s co-president of global wealth management and president of UBS Americas, will step down from those roles in October, according to a press release from the bank.