Hints and tips:
...In April, Kelleher took over from Axel Weber as chair, having previously been president of Morgan Stanley, the bank that is a leader in the US wealth market....
...He was a surprise choice for the UBS job, despite having been handpicked by then-chair Axel Weber....
...Kelleher had watched Ralph Hamers, who had succeeded Ermotti as UBS chief executive, fumbling questions from analysts at a hastily arranged call the night before....
...Just 10 days after agreeing the takeover, Kelleher replaced UBS’s chief executive, Ralph Hamers, with the Dutchman’s predecessor, 62-year-old Sergio Ermotti, who ran the bank between 2011 and 2020....
...Weeks after announcing that UBS, the world’s biggest wealth manager, would be embarking on a push into the crowded US market late last year, chief executive Ralph Hamers received an interesting proposition...
...Kelleher had grown frustrated with Hamers, who had cut his teeth at Dutch lender ING before former chair Axel Weber named him chief executive....
...Kelleher had been hired a year earlier to lead UBS, succeeding longtime chair Axel Weber....
...“Being able to help shape the bank’s future is a great privilege, and I look forward to working together with the board, CEO Ralph Hamers and the whole team at UBS,” Kelleher said in a statement....
...The whole thing is a Bruce Weber meets Ralph Lauren fantasia of luxury Americana....
...UBS has also nominated former Morgan Stanley president Colm Kelleher as chair, to succeed Axel Weber when he steps down in April....
...The deal is the first significant move in chief executive Ralph Hamers’ plans to expand in the US mass affluent market....
...It was a gift from the photographer Bruce Weber. Some of Vanity Fair’s subjects have returned like unwelcome ghosts....
...“UBS has full confidence in Ralph Hamers’ ability to lead UBS,” the bank said in a statement on Wednesday. Mr Hamers declined to comment....
...Ralph Hamers, the Swiss bank’s new chief executive, said on Tuesday he was prioritising cost control and digitisation for the group, although he stopped short of unveiling a full strategic plan....
...This month Ralph Hamers joined UBS, with the former ING boss due to take over from Sergio Ermotti as UBS chief executive in November....
...Here are those in the spotlight: Ralph Hamers, UBS Ralph Hamers will present his maiden quarterly results as chief executive of UBS on Tuesday....
...“Ralph’s personality has brought a lot of that.”...
...Mr Ermotti will hand over to Ralph Hamers in November and move to chair insurer Swiss Re....
...He had been seen as a potential candidate for chairman of UBS when Mr Weber, who has been on the board of the bank since 2012, decides to step down....
...Last year, UBS chair Axel Weber war-gamed a takeover of its great rival....
...“Ralph is a battle-tested, charismatic executive with the experience and personality to successfully write UBS’s next chapter,” said Mr Weber....
...Essential comment before you go Axel Weber The EU single market is not fully integrated, especially for services, including finance....
...Or, as Ralph Lauren put it rather more poetically, a fine watch, like a well-designed car, is best appreciated as “moving art”. Still, economic irrationality has its limits....
...The lift has also raised prices, says Ralph van Kollenburg, chief executive of AvenidA, one of the area’s largest developers, which also runs Alpin Rentals....
...Here, they were delivered by the focused spike of American trumpeter Ralph Alessi and the intricate accuracies of Nasheet Waits’ drumming....
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