UBS is taking the future of its UK wealth division more than seriously, to judge by its decision to put André Cronje, head of strategy execution for the entire group in charge of it.

Cronje has played a big part in several of the Swiss bank's recent acquisitions, including Brazilian bank Pactual and Dutch wealth adviser VermogensGroep. He has been given the run of the UK branch by taking on the roles of Matthew Brumsen, who resigned for personal reasons as head of UBS' onshore UK business sales in June, and John Pottage, who is stepping down as divisional chief executive.