Ulrich Körner (born October 25, 1962) is a German-Swiss business person. In March 2021, he was named CEO Asset Management of Credit Suisse until July 2022, when he was appointed CEO of Credit Suisse AG.

Education

From 1980 to 1983, Körner attended the Lyceum Alpinum in Zuoz, Switzerland, and acquired a Swiss school-leaving certificate (

Matura or its translated terms (''Mature'', ''Matur'', , , , , , ) is a Latin name for the secondary school exit exam or "maturity diploma" in various European countries, including Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Cz ...

, type B), after having received a German school-leaving certificate (

Abitur ''Abitur'' (), often shortened colloquially to ''Abi'', is a qualification granted at the end of secondary education in Germany. It is conferred on students who pass their final exams at the end of ISCED 3, usually after twelve or thirteen yea ...

) from the Staatliches Ludwigsgymnasium in

Saarbrücken Saarbrücken (; french: link=no, Sarrebruck ; Rhine Franconian: ''Saarbrigge'' ; lb, Saarbrécken ; lat, Saravipons, lit=The Bridge(s) across the Saar river) is the capital and largest city of the state of Saarland, Germany. Saarbrücken is ...

Germany Germany, officially the Federal Republic of Germany (FRG),, is a country in Central Europe. It is the most populous member state of the European Union. Germany lies between the Baltic and North Sea to the north and the Alps to the sou ...

, which he attended from 1973 to 1980. Körner holds a

Master of Arts A Master of Arts ( la, Magister Artium or ''Artium Magister''; abbreviated MA, M.A., AM, or A.M.) is the holder of a master's degree awarded by universities in many countries. The degree is usually contrasted with that of Master of Science. ...

and a

Ph.D A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is a ...

. in business administration from the University of St. Gallen, Switzerland. Körner majored in Banking and Finance from 1983 to 1988 and graduated with a degree in Business Administration ( lic.oec.) from the University of St. Gallen. Thereafter, he completed his doctoral studies (from 1988 to 1993) and received a Ph.D. in Business Administration ( Dr.oec) from the University of St. Gallen for Business Administration, Economics, Law and Social Sciences.

Career

In 1989, Körner began his professional career as an

auditor An auditor is a person or a firm appointed by a company to execute an audit.Practical Auditing, Kul Narsingh Shrestha, 2012, Nabin Prakashan, Nepal To act as an auditor, a person should be certified by the regulatory authority of accounting an ...

with Price Waterhouse, Zurich. From 1993 to 1998, he was a management consultant with

McKinsey & Company McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...

in Zurich. Körner joined

Credit Suisse Credit Suisse Group AG is a global Investment banking, investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all Financial centre, major financial centers around the w ...

as Chief Financial Officer for Switzerland in 1998. He then became Head of Technology and Services in 2000 before assuming the role as Chief Financial Officer at

in 2002. In addition to his role as Chief Financial Officer, he was appointed

Chief Operating Officer A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the " C-suite". The COO is usually the second-in-command at the firm, especially if t ...

in 2004. In 2006, he became

Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

Switzerland. Körner served as a member of the

Executive Board A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organi ...

until he moved from CS to

UBS UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swis ...

. In April 2009, Körner joined

as Group

and as a member of the

under Oswald Grübel. Until 2013, he was responsible for the Corporate Center at UBS. It consisted of 25,000 people and included Group Strategy, Human Resources, Group Technology, Group Operations, Communications and Branding, Corporate Real Estate and Administrative Services and Supply and Demand Management during his time as Group

. Körner has been President of UBS Group

Europe, Middle East and Africa EMEA is a shorthand designation meaning Europe, the Middle East and Africa. The acronym is used by institutions and governments, as well as in marketing and business when referring to this region: it is a shorthand way of referencing the two ...

, comprising 29 countries, since December 2011. Together with the divisional

s, he is responsible for the implementation of regional strategy and the collaboration of businesses across all divisions. In January 2014, Körner succeeded John A. Fraser (businessman) to become President Asset Management in addition to his regional leadership. Chief Financial Officer Tom Naratil (born 1961) took on the role of

on top of his then current duties.

Mandates

Ulrich Körner is chairman of the Widder Hotel in Zurich and vice president of the board of

Lyceum Alpinum Zuoz Lyceum Alpinum Zuoz is an international boarding school in Zuoz, near St.Moritz in Switzerland. Founded in 1904, it is located in the upper part of the alpine village in the area of Surmulins. There are around 300 pupils, including 220 in the ...

. He is also deputy chairman of the supervisory board of UBS Deutschland AG, a member of the Board of Directors of OOO UBS Bank Russia, chairman of the Foundation Board of the UBS Pension Fund, a member of the Financial Service Chapter Board of the Swiss-American

Chamber of Commerce A chamber of commerce, or board of trade, is a form of business network. For example, a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to ...

, a member of the advisory board of the Department of Banking and Finance at the

University of Zurich The University of Zürich (UZH, german: Universität Zürich) is a public research university located in the city of Zürich, Switzerland. It is the largest university in Switzerland, with its 28,000 enrolled students. It was founded in 1833 ...

and a member of the business advisory council of the Laureus Foundation Switzerland. He formerly served on the board of

Winterthur Group Axa Winterthur is a multinational insurance company. The original company named Winterthur was founded in Winterthur, Switzerland, in 1875. From 1997 to June 2006, Winterthur was a Credit Suisse (CS) subsidiary. Now, Paris-based Axa Insurance has ...

, AXA Leben AG, and AXA Versicherungen AG and as a member of the Board of

Clariden Leu Clariden Leu was a Swiss private bank based in Zurich and Geneva Switzerland founded in 2007 by Clariden president Alex Hoffmann and Credit Suisse Group. Until 2007 it was operating as Clariden Bank an independent Private Bank belonging bot ...

AG as well as of the

Bank Leu Bank Leu AG (pronounced "Loy," as in toy) was a Swiss private bank that existed from 1755 to 2007. Headquartered in Zurich, it was a subsidiary of Credit Suisse from 1990. In 2007, it was merged with that company's other private banking units ...

AG. He is also the former vice-chairman of the committee of the governing board of the Swiss Bankers Association. As a

representative in the Swiss Expert Commission, he advised Swiss politicians on both the resolvability of the large banks and the future strategy of Switzerland's financial industry. He has been appointed as the CEO of Credit Suisse in July 2022 after Thomas Gottstein resigned from the position.

Personal life

Körner was born in

in 1962 and has both German and Swiss citizenship.

References

External links

Curriculum vitae on Credit Suisse website
{{DEFAULTSORT:Korner, Ulrich 1962 births Chief financial officers Chief operating officers Living people German chief executives Swiss chief executives UBS people University of St. Gallen alumni