Turmoil continues at UBS as Grubel steps down
Chief executive takes the fall for $2.3 billion rogue-trading losses
Oswald Grubel, chief executive of UBS, has resigned, taking responsibility for the failures in oversight that led to the $2.3 billion rogue-trading losses revealed earlier this month. The news came as the bank's board met in Singapore over the weekend to discuss its reaction to the losses and mollify angry shareholders, in particular the Government of Singapore Investment Corporation, which holds
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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on People
SocGen’s PB clearing head departs for SwapAgent role
Jamie Gavin takes external consulting role for LSEG’s non-cleared swaps platform
Robertson leaves Barclays’ prime services in New York
Head of prime derivatives services unit departs after seven years with the bank for Carbon Point
Citadel Securities hires former Eisler CRO
Pregnell joins market-maker after demise of hedge fund
People: Fishwick hands over BlackRock CRO role, Citi expands Asia FX team, and more
Latest job changes across the industry
Nomura shuffles risk methodology team
Epperlein takes advisory role six months after Japanese bank’s FRTB IMA go-live
Andy Ross leaves StanChart
CurveGlobal veteran confirms his departure as bank’s global head of prime brokerage
People: BofA’s new markets heads, Barclays takes SG’s Mastrangelo, and more
Latest job changes across the industry
People: BNY taps Nasdaq CRO for enterprise risk, Hoornweg steers StanChart CIB solo, and more
Latest job changes across the industry
