Union Bancaire Privée (UBP) has appointed Raoul Jacot-Descombes as the new Group Chief Risk Officer, effective mid-January. With nine years at UBP and previously serving as Head of Risk & Compliance, he will oversee all risk monitoring, including operational, liquidity, market, and counterparty risks. Jacot-Descombes resigned from his role as Deputy CEO at the Fédération des Entreprises Romandes to return to the bank.