Oliver will join UBS from SAP where he has been Global Chief Information Officer since 2009. Prior to SAP, he spent nine years at Allianz Group where he held a number of technology roles in various regions and divisions. Before joining Allianz, Oliver worked at both Deutsche Bank and IBM. Oliver brings extensive technology, business and international experience with him. He is widely acknowledged in the sector as a thought leader in emerging information technologies and customer focus. In 2012, he was named European CIO of the year by INSEAD.

Commenting on the appointment, Ulrich Koerner, Group COO stated, "Oliver's proven track record with large-scale technology transformations combined with his experience of financial services, software and managing large global teams all position him well to lead our Group Technology organization forward."

Oliver Bussmann succeeds Michele Trogni who, after 25 years with UBS, the last four of which she spent leading Group Technology, has decided to retire from the industry. Koerner commented, "Michele has been a key leader in the firm during times of both crisis and of growth, successfully leading functions in the Investment Bank and at Group level. I would like to thank her for the outstanding contribution she has made to UBS during her distinguished career with us."