
UBS in risk management shake-up
Daily news headlines
ZURICH – Swiss investment bank UBS is appointing a new chief risk officer and reforming its wider risk management structure in the aftermath of $37.4 billion of subprime-related writedowns.
Thomas Daula assumes the role of CRO after filling the same position at rival US investment bank Morgan Stanley. Philip Lofts, former group chief credit officer at UBS, has been named group risk chief operating officer. The bank will integrate its monitoring and control responsibilities for market and credit risks into a single unit to manage credit, market and country risks.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on People
7 days in 60 seconds
Bank capital, margining and the return of FX
The week on Risk.net, December 12–18
Receive this by email