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...There, Swiss Bank Corporation chief executive Marcel Ospel and his counterpart at Union Bank of Switzerland, Mathis Cabiallavetta, agreed to the $29.3bn all-stock merger of Switzerland’s second and third...
...Marcel Ospel, the former chairman of UBS who built the Swiss bank into a global powerhouse before seeing it come unstuck during the financial crisis, has died of cancer, at the age of 70....
...He soon caught the eye of Marcel Ospel, the Swiss banker who orchestrated the 1998 merger between SBC and Union Bank of Switzerland that created UBS....
...(FT) Former UBS chair dies Marcel Ospel, who built the Swiss bank into a global powerhouse before seeing it come unstuck during the financial crisis, has died of cancer, aged 70....
...As well as Mr Howard, its 33 backers include Marcel Ospel, former chief executive of UBS, Sir Ronald Cohen, co-founder of Apax Partners, Swiss private bank Lombard Odier and the Mirabaud family, which controls...
...Following the debacle, four former executives – including Mr Wuffli and Marcel Ospel, an ex-chairman – voluntarily either repaid or forwent entitlements of about SFr70m....
...After a stint at Citibank, he was hired by Marcel Ospel at Merrill Lynch in 1987, and spent the next 16 years working his way up through the bank’s equity and capital markets businesses around the globe....
...UBS has been a favourite target of Mr Minder, who blames the likes of former chairman Marcel Ospel for introducing an American tolerance for high executive salaries into the Swiss business world....
...Sergio Ermotti’s move to shut down most of UBS’s fixed income trading and shed 10,000 jobs reversed a plan initiated by one of his many predecessors as chief executive, Marcel Ospel, to become “number one...
...That fact was not lost on the bank itself, or its then chief executive, Marcel Ospel, who set out on an ambitious mission to make the Swiss lender the “number one in global investment banking”....
...In April 2008 – just one week after UBS announced subprime losses of $19bn and the departure of its chairman, Marcel Ospel, two UBS managers emailed to ask why their Libor submissions, at 2.71 per cent,...
...April 1 2008 Marcel Ospel says he will not seek re-election as chairman of UBS....
...Mr Kurer, a sharp and diligent lawyer who helped steer the bank through its difficulties in the credit crunch, was identified closely with chief executive Marcel Ospel, architect of the group’s push into...
...In a rare move at a Swiss shareholders’ meeting, almost 53 per cent of votes were cast against giving a formal “discharge” to Marcel Ospel, Peter Wuffli and other leaders of the bank in 2007 as the credit...
...Four former executives – including Marcel Ospel, an ex-chairman, and Peter Wuffli, a former chief executive – have voluntarily either repaid or forgone entitlements of about SFr70m ($73m)....
...Although no individuals were identified by the bank or prosecutors, attention had focused on former chairman Marcel Ospel and Peter Kurer, former general counsel and Ospel’s successor....
...That means shareholders will be able to express their feelings about Marcel Ospel, the former UBS chairman widely viewed as the architect of the bank’s push into fixed income trading, and Peter Wuffli and...
...UBS credibility hurt by more than crisis Marcel Ospel’s name has turned to mud in the 18 months since the once indomitable UBS chairman stepped down and the renowned bon viveur has vanished from Zurich’...
...Marcel Ospel’s name has turned to mud in the 18 months since the once indomitable UBS chairman stepped down and the renowned bon viveur has vanished from Zurich’s best known restaurants....
...Mr Tapner was one of the last remaining senior executives promoted under the era of Marcel Ospel, the bank’s powerful former chairman....
...Marcel Ospel, architect of UBS’s expansion into US investment banking and one of Switzerland’s highest-paid managers until he resigned last April, has faced intense public criticism....
...Marcel Ospel, former chairman and chief executive of UBS, the world’s largest private bank, was always clear what he wanted UBS to be: an asset gatherer....
...UBS bank also announced four new board appointments and the replacement of Marco Suter, a confidant of former chairman Marcel Ospel, by John Cryan, as chief financial officer....
...Formerly UBS’s general counsel, he lacked direct banking experience and was handicapped by a close association with Marcel Ospel, the group’s domineering previous chairman....
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