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Veteran German banker to become head of UBS wealth management

Move sparks speculation that Martin Blessing is now in pole position to succeed CEO Sergio Ermotti

Zurich

VETERAN German banker Martin Blessing will replace Juerg Zeltner as the head of UBS's market-leading wealth management business at the turn of the year, Switzerland's biggest bank said on Thursday.

Mr Blessing, former head of Germany's Commerzbank, has run UBS's Swiss...

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