March 31 (Reuters) - UBS has appointed its

Americas chief investment officer, Solita Marcelli, to succeed

Bruno Marxer as head of global investment management, according

to an internal memo seen by Reuters on Monday.

Marcelli will take on the role, which will be expanded to

now cover the Americas, APAC, Switzerland and EMEA, effective

July 1.

Marxer, who has decided to retire at the end of the first

quarter of 2026, will continue in his role until June 30 for

seamless transition, the memo said.

UBS said last year it was planning to overhaul its wealth

management business in the United States, splitting the

operation into six divisions and focusing more on clients that

are not super wealthy.

Ulrike Hoffmann-Burchardi will assume the role of chief

investment officer Americas effective July 1, in addition to her

current role as chief investment officer for global equities,

according to a different memo seen by Reuters.

(Reporting by Prakhar Srivastava in Bengaluru and Lananh Nguyen

in New York; Editing by Shinjini Ganguli)