UBS announced today that the current group chief risk officer, Joseph Scoby, will return to work as the global head of Alternative and Quantitative Investments, as Philip Lofts replaces him.
Lofts was serving as deputy group chief risk officer. He has worked for UBS for 20 years in risk control positions.
Philips long history in risk control and deep knowledge of UBS make him extremely qualified to lead UBSs risk organization and continue to enhance our risk management, control and reporting frameworks and processes,” said Marcel Rohner, group CEO.
jt