UBS: Roland Koch To Chair German Supervisory Board

Former high-ranking German politician Roland Koch will head the supervisory board of UBS AG's (UBS) business in Germany from January, the Swiss bank said Tuesday.

Koch was a key financial expert in German Chancellor Angela Merkel's center-right Christian Democratic Union party until he resigned unexpectedly in late May and left office in August. German construction company Bilfinger Berger SE (GBF.XE) recently disclosed Koch will take up the chief executive role next year.

Zurich-based UBS said Koch was chosen for his political expertise, including his representation of Frankfurt as a banking and financial center, as well as his experience as a business lawyer.

Koch replaces Arthur Decurtins at the top of UBS's German board. Decurtins had filled in as chairman temporarily, said UBS.

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500. (Katharina Bart contributed to this item.)

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