UBS Group AG named Michael Bonacker its new head of group strategy. Bonacker will be based in Zurich and will take over as head of group corporate development and performance from Dierk von Schuckmann, who will become CFO at the Swiss bank's asset management division. Bonacker, who will also be part of UBS' finance executive committee, most recently served as head of asset management and corporate banking at BHF-Bank AG. Prior to that, Bonacker oversaw group development and strategy at Commerzbank AG.