UBS hands top EU negotiator UK board role

Miriam Gonzalez


Miriam Gonzalez, a top lawyer and EU negotiator, has joined the board of UBS Limited

Miriam Gonzalez joined the board of UBS Limited – the Swiss group’s London-based subsidiary that also houses activities conducted through its branches in France, Germany, Poland, Sweden, the Netherlands and Switzerland – on September 6, according to a filing by UBS at Companies House on September 21.

Gonzalez is a partner at law firm Dechert, where she co-chairs its international trade and government regulation practice. Her bio on Dechert’s website states that she is a non-executive director on the UBS Limited board, where she chairs the audit committee.

A UBS spokesman confirmed her appointment as a non-executive, replacing Patricia Scotland, who stepped down from the UBS Limited board to become Secretary-General of the Commonwealth at the start of April.

Gonzalez’s appointment to the role comes against the backdrop of impending, and likely protracted, Brexit negotiations between the UK and EU over the terms of the country’s withdrawal from the bloc, following the June 23 Brexit vote.

Since September 2015, Gonzalez has been a non-executive director and chair of the audit and risk committee at UBS Bank SA, UBS’s Spanish subsidiary, according to her LinkedIn profile. Gonzalez confirmed to FN that she will “phase out” those duties.

Gonzalez, whose husband is the former UK deputy prime minister, Nick Clegg, spent almost a decade earlier in her career helping the European Commission to negotiate trade deals globally on behalf of the EU.

She told FN in August that the UK and the City would have to prepare for “a complex negotiation” as Brexit unfolds, and that all parties would need to be clear on their priorities.

She said: “Companies need to be working out what is of utmost importance to them, what is less important and what they can live without [so as to feed into] the various models of negotiation that we have on the table.”

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