Keith Truelove Appointed President of UBS Asset Management in Japan

Tokyo, May 17, 2024 - UBS Asset Management today announced that Keith Truelove, Co-head of UBS Japan Securities Co., Ltd.’s Global Markets business since 2020, will become President of UBS Asset Management (Japan) Ltd. The appointment becomes effective June 1, 2024, and is subject to shareholder approval. Keiichi Miki, who has headed UBS Asset Management Japan since 2014, will retire after an accomplished four-decade career in Japanese and international finance.

Truelove has served more than 15 years in an array of UBS Investment Bank leadership roles in Japan and the United States, focused primarily on institutional client coverage across a full range of asset classes. His financial industry career also includes positions at Morgan Stanley, Mizuho Securities, and SMBC Nikko Securities.

Andy Toscan, Head of Institutional Client Coverage, UBS Asset Management, commented, “We are delighted to welcome Keith to Asset Management. I am confident that our clients will benefit from Keith’s extensive knowledge and network that he has built over the past 25 years working with institutions active in Japan.” He added, “We owe our sincere gratitude to Keiichi Miki for all he has done to build and shape our business in Japan. UBS Asset Management is positioned well to grow in the years ahead.”

Upon Truelove’s transition to the Asset Management division, UBS’s Global Markets business will be jointly led by Naohiro Kuroda, current Co-Head, as well as Sean McCarthy, who currently heads Execution Services and Financing.

About us

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages 5.7 trillion dollars of invested assets as per fourth quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

In Japan, the firm offers corporate, institutional, and high net worth private clients a full array of financial products and services through five business entities: UBS Japan Securities Co., Ltd., UBS AG Tokyo Branch, UBS Asset Management (Japan) Ltd, UBS Japan Advisors Inc., and UBS SuMi TRUST Wealth Management Co., Ltd.