ZURICH—UBS named former Morgan Stanley President Colm Kelleher on Saturday as its surprise pick to succeed Axel Weber as chairman of the world’s biggest wealth manager when his mandate ends in April.
Kelleher, an Irishman from County Cork, retired from his post at Morgan Stanley in 2019 after three decades at the U.S. investment bank, including as finance director during the global financial crisis, but stayed on as a special adviser.
