UBS AG has promoted Alexander Friedman to serve as the global chief investment officer for both of its wealth management units. Friedman, who has been the chief investment officer for the business excluding Americas, will be responsible for combined investment and research across all regions. Before joining UBS Friedman was the chief financial officer of the Bill & Melinda Gates Foundation. Previously he worked at Lazard Ltd. as a mergers and acquisitions banker.

Headquartered in Zurich and Basel, Switzerland, UBS has offices in more than 50 countries and serves private, institutional and corporate clients worldwide.