Hints and tips:
...Marcel Rohner, accused of “staggering ignorance” by a British parliamentary committee, left UBS under such a cloud that you might have thought his career irrecoverable....
...An article published on March 22 in some editions wrongly identified the former head of UBS as Urs Rohner, instead of Marcel Rohner. Urs Rohner is the current chairman of Credit Suisse....
...Giving evidence to the UK’s Parliamentary commission on banking standards joint committee were Marcel Rohner, former CEO; Huw Jenkins, former IB CEO; Jerker Johansson, also former IB CEO and Alex Wilmot-Sitwell...
...The high points of ritual humiliation and contrition included the shaming of former UBS chief executive Marcel Rohner, who admitted to being “shocked and embarrassed” by the Swiss bank’s Libor abuses....
...Thursday’s witnesses – former chief executive Marcel Rohner, and three former investment bank bosses, Jerker Johanssen, Huw Jenkins and Alex Wilmot-Sitwell – all insisted they had not deliberately put profit...
...Despite having highlighted “structured Libor” in a December 2007 investor presentation as one of UBS’s most lucrative businesses, former chief executive Marcel Rohner said the term was shorthand for all...
...In a similar vein, Marcel Rohner, UBS’s former chief executive, said last week he didn’t know about manipulation of Libor interest rate-setting during his tenure at the Swiss bank....
...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...
...The inquiry also heard from Marcel Rohner, who was UBS’s chief executive between 2007 and 2009, as well as three former heads of its investment banking division: Jerker Johanssen, Huw Jenkins and Alex Wilmot-Sitwell...
...Not long after his words, former UBS chief executive Marcel Rohner came close to a mea culpa at the banking commission when he said he felt “shocked and embarrassed” when reading about the Swiss bank’s involvement...
...Marcel Rohner, two previous chief executives....
...Mr Gähwiler succeeds Franco Morra, who had been appointed barely a year earlier by Marcel Rohner, UBS’s then chief executive....
...Those well informed about the process say the deal fell apart because UBS, led at the time by Marcel Rohner, then chief executive, and Peter Kurer, then chairman, were set on extracting cash for the business...
...Rohner....
...UBS signalled the end of a not-so-glorious era on Thursday, announcing it has appointed Oswald Gruebel, a former head of rival Credit Suisse, as its new chief executive, replacing Marcel Rohner....
...Only weeks ago, UBS’s then chief executive Marcel Rohner suggested the Swiss banking group might be profitable this year....
...Grübel, who replaces Marcel Rohner, said he had not envisaged coming out of retirement after leaving Credit Suisse in May 2007 but had been persuaded by the UBS board last month....
...Marcel Rohner, chief executive, and Peter Kurer, chairman, have agreed to forgo their bonuses for 2008, but the bank’s 77,000 employees will receive performance-related payments in next month’s wage packet...
...Indeed, Oswald Grübel, who was brought in last week to replace Marcel Rohner as chief executive of UBS, has already warned staff to prepare for another round of job losses....
...Under Marcel Rohner, UBS’s former chief executive, the group had sent a more upbeat message, suggesting that the worst of the crisis was over and that 2009 would be profitable....
...Mr Grübel replaces Marcel Rohner, UBS’s young chief executive, who took office in July 2007 after the sudden resignation of Peter Wuffli....
...Marcel Rohner, chief executive, also played down speculation that UBS might sell its US wealth management arm, based on the former Paine Webber....
...Its SFr20bn loss for the year to December was a shocker, yet Marcel Rohner, chief executive, reckons that the Swiss banking group could be profitable this year....
...On Tuesday, Marcel Rohner, chief executive, suggested treatment was now almost complete and the group was poised to restore profits and prestige....
...Furthermore, his predecessor, Marcel Rohner, has laid much of the groundwork by transferring almost SFr40bn of UBS’s most toxic assets into a Swiss National Bank bail-out fund and restructuring its investment...
International Edition