Bussmann Departs as CIO of UBS, Lehmann to Temporarily Replace

Social media and blockchain advocate resigns from Swiss bank to pursue external opportunities.

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Oliver Bussmann joined UBS as group CIO in 2013.

Bussmann's resignation was confirmed in an internal memo, seen by WatersTechnology, by UBS chief operating officer Axel Lehmann. Lehmann also announced he will take on the role of head of information technology at UBS on an interim basis.

A spokesperson for UBS confirmed Bussman's departure to WatersTechnology and said: "Technology innovation remains a key topic for UBS. Our innovation labs around the world and our digital hub at Level 39 in London continue to drive innovation."

Bussmann joined UBS from German software vendor SAP in 2013, after previous stints at Allianz and Deutsche Bank, and has been a vocal advocate of the power of social media and blockchain within the capital markets. He was profiled by Waters in the February 2015 issue.

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