Wiwi Gutmannsbauer has been appointed as the new Chief Operating Officer for the Asia-Pacific region by UBS Group AG. This move is part of the company's efforts to strengthen its leadership in the competitive financial landscape.

UBS Group operates in four main business segments: wealth management, investment banking, retail and corporate banking, and asset management. These segments contribute to the company's total revenue, with wealth management being the largest contributor.

UBS is projected to manage a significant amount of deposits and loans by the end of 2023, highlighting its strong financial position and commitment to growth in the region.