Grant McCutcheon and Henry Eaton have resigned from UBS’ board of directors, and have been replaced by Victor Wells and Kenneth D. Taylor.

Robert Ulicki remains on the board as its chairman.

Victor Wells was CFO of Chemtrade Logistics Income Fund from 2001 until 2006, and also served as CFO of Tahera Diamond Corp. He’s a member of the Institute of Chartered Accountants of British Columbia and Ontario, and obtained his Institute of Corporate Directors designation in 2007.

Taylor was previously a diplomat in the Canadian Foreign Service, with postings in Guatemala, Detroit, London, Pakistan, Iran and Canadian Consul-General in New York.

Since leaving the foreign service, he’s worked in the private sector, spending five years as senior vice president at Nabisco Brands/RJR Nabisco and now provides counseling on issues of political risk, international marketing and strategic accommodation with government.