Bank risk manager of the year - Walter Stuerzinger, UBS

Walter Stuerzinger, group chief risk officer at UBS, runs a media-shy team at the Swiss bank. But it’s a team that its internal business heads take very seriously

Speak with any derivatives trading head at the investment banking arm of Switzerland’s largest bank, UBS, and they’ll be quick to tell you why they rarely take on large concentrations of highly exotic exposures. “Because risk management won’t allow it,” is the typical reply.

Although the Swiss banking group has ramped up its risk limits this year, along with a number of prominent dealers such as Goldman Sachs and JP Morgan Chase, UBS has made risk management a consistent core business priority