UBS Group named former Morgan Stanley executive Colm Kelleher to succeed Axel Weber as its next chairman, landing a prominent Wall Street name to oversee the Swiss bank.

Kelleher spent 30 years at Morgan Stanley and was in the No. 2 job as president before leaving in June 2019. He held roles including chief financial officer at the bank through the 2008 financial crisis, and oversaw Morgan Stanley’s wealth-management business, a keen competitor to UBS.