"I am very pleased to announce the nomination of Reto Francioni for election to the board," UBS chairman Axel Weber said in a statement issued on Tuesday.
Francioni is a 57-year-old Swiss citizen who previously led the Swiss stock exchange.
He worked as a personal assistant at UBS in Zurich early in his career before earning a PhD from the University of Zurich.
He also held positions with Credit Suisse in the late 1980s.
A vote on the nomination of the Deutsche Börse head is set to take place at the next UBS general meeting of shareholders on May 2nd.