Nominations for re-/election by the Annual General Meeting of 17 April 2020
The shareholders annually elect the members of the Board of Directors, the Chairman of the Board of Directors and the members of the Compensation Committee, individually and separately, for one-year terms, until completion of the next Annual General Meeting. The Board of Directors proposes, based on recommendations by the Nomination Committee, that each of the following Board members be re-elected for a one-year term:
- Walter B. Kielholz
- Renato Fassbind
- Raymond K.F. Ch’ien
- Karen Gavan
- Jay Ralph
- Joerg Reinhardt
- Philip K. Ryan
- Sir Paul Tucker
- Jacques de Vaucleroy
- Susan L. Wagner
- Larry Zimpleman
The Board of Directors proposes, based on a recommendation by the Nomination Committee, that Walter B. Kielholz be re-elected as Chairman of the Board of Directors for a last one-year term. Walter B. Kielholz is a very experienced Chairman with our company. This proposal is in line with the Board of Directors’ aim to ensure stability in the Board of Directors’ composition and work. As announced by Swiss Re on 3 March 2020, Sergio P. Ermotti will be nominated for election by the Annual General Meeting 2021 as Chairman of the Board of Directors to succeed Walter B. Kielholz.
Trevor Manuel and Eileen Rominger will not stand for re-election at the Annual General Meeting 2020. The Board of Directors proposes, based on proposals by the Nomination Committee, the following candidates for first-time election as members of the Board of Directors for a one-year term of office:
- Sergio P. Ermotti
- Joachim Oechslin
- Deanna Ong
Sergio P. Ermotti has been Group Chief Executive Officer and a member of the Group Executive Board of UBS Group since 2011. Before joining UBS, he was Group Deputy Chief Executive Officer at UniCredit and responsible for the business areas of Corporate and Investment Banking, and Private Banking between 2007 and 2010. He started his professional career at Merrill Lynch in 1987, where he held various positions in the areas of equity derivatives and capital markets before he became Co-Head of Global Equity Markets and a member of the Executive Management Committee for Global Markets & Investment Banking in 2001. Sergio P. Ermotti, a Swiss citizen, is a Swiss-certified banking expert and a graduate of the Advanced Management Programme at the University of Oxford, United Kingdom.
Joachim Oechslin was Group Chief Risk Officer and a member of the Group Executive Board of Credit Suisse Group from 2014 to February 2019 and is currently a Senior Advisor at Credit Suisse. Previously, he was Chief Risk Officer and a member of the Group Committee of Munich Re Group (2007–2013), Deputy Chief Risk Officer of AXA Group (2007), Group Chief Risk Officer of Winterthur Group (2003–2006) and Chief Risk Officer of Winterthur Life & Pensions (2001–2003). Prior to joining Winterthur Group, Joachim Oechslin was a consultant at McKinsey & Company, specialising in the financial services sector. He is a Swiss citizen and holds a Master of Science in Mathematics from the Swiss Federal Institute of Technology (ETH), Zurich, Switzerland.
Deanna Ong has been Chief People Officer and a member of the Group Executive Committee at GIC, a sovereign wealth fund established by the Government of Singapore, since 2017. For the past two years, she has also been a Board member and Chairwoman of the Audit Committee of Swiss Re’s main reinsurance carrier for the Asia region. Deanna Ong joined GIC in 1994 and held various finance roles covering public and private market assets until 2009. From 2009 to 2014, she was Director Finance, responsible for financial management across GIC’s portfolio. In 2012 she also took on responsibility for Human Resources & Organisation and Corporate Governance. Prior to joining GIC, she was a tax accountant with Arthur Andersen & Co. Deanna Ong is a Singapore citizen and holds a Bachelor of Accountancy from the Nanyang Technological University of Singapore.
The Board of Directors furthermore proposes, based on recommendations by the Nomination Committee, that Raymond K.F. Ch’ien, Renato Fassbind, Joerg Reinhardt and Jacques de Vaucleroy be re-elected as members of the Compensation Committee and Karen Gavan be elected as a new member of the Compensation Committee.