The board of the Swiss bank UBS is being reshuffled, with board members Ulrich Körner and Martin Blessing resigning. That was announced by Switzerland’s largest bank on Thursday.

Körner resigns as president of asset management and the activities of UBS in Europe, the Middle East and Africa. In asset management, Suni Harford is now taking over the lead, while Sabine Keller-Busse is taking over from the Europe, Middle East and Africa division, in addition to her current role as operational director at UBS.

Blessing resigns from his position as co-president in the worldwide asset management of UBS. He will be succeeded by Iqbal Khan, alongside Tom Naratil. Khan previously worked for Swiss counterpart Credit Suisse.

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