UBS Chief Technology Officer Mike Dargan To Depart at Year-End

UBS Group AG announced that Mike Dargan, who serves as Group Chief Operations and Technology Officer, plans to exit his position by the conclusion of December 2025. The executive’s departure comes as he pursues fresh challenges beyond the banking institution. This transition marks a significant shift in UBS’s technology leadership hierarchy.

Leadership Succession Plan for Group Technology

During the interim period following Mike Dargan’s departure, Chris Gelvin will assume expanded responsibilities, combining his current Chief Operating Officer role for Group Technology with temporary oversight of the broader Group Technology function. This arrangement ensures continuity as the organization searches for a permanent successor. Starting January 1, 2026, Beatriz Martin will assume her new position as Group Chief Operating Officer, bringing the entire Group Technology division under her purview alongside her expanded portfolio.

Beatriz Martin’s Expanded Chief Operating Officer Role

The consolidation of Group Technology within the Group COO structure is intended to create seamless operational alignment and enable more cohesive strategic execution. By integrating technology oversight into Martin’s mandate, UBS aims to accelerate completion of its ongoing technology integration initiatives while maintaining organizational efficiency. This structural adjustment reflects the bank’s commitment to leveraging technology as a competitive advantage in an increasingly digital financial services landscape.

Prioritizing AI and Digital-First Strategy

Within Mike Dargan’s tenure, UBS has repositioned technology as a cornerstone of business expansion and organizational resilience. His leadership proved pivotal in guiding the firm’s transition toward artificial intelligence and digital modernization. The bank’s commitment to these strategic priorities will remain central under the new governance structure, with Group Technology reporting directly to the Group COO to ensure technology and AI initiatives receive executive-level attention and resources.

Leadership Perspective on the Transition

Sergio Ermotti, Chief Executive Officer of UBS, commented on the announcement: “Mike Dargan has proven instrumental in advancing our technology infrastructure as a catalyst for business growth and strengthening our competitive resilience. His contributions in steering our transition toward AI and digitalization have been substantial. We extend our gratitude to Mike for his exceptional service and wish him success in his next endeavor. We also recognize Beatriz Martin for stepping into her expanded responsibilities and acknowledge her continued leadership excellence throughout this transition.”

Market Response to Leadership Changes

On the Swiss stock exchange, UBS Group shares reflected modest trading pressure, closing at 34.16 Swiss francs with a 0.50% decline. While the market absorbed the news of Mike Dargan’s departure with relative stability, investors will likely monitor the effectiveness of the new governance structure in advancing UBS’s technology and AI ambitions in the coming quarters.