Search for: "Marcel Rohner"
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1 Oct, 2007 4:50 pm
... its Dillon Read Capital Management hedge fund on May 3, 2007. It also cost CEO Peter Wuffli his job. On July 6, 2007, UBS ended Wuffli's tenor as CEO. The man at the helm now is
Marcel Rohner. Earlier this year, Rohner was working as the
head of UBS's asset management business. When CEO Wuffli was ousted in July, Rohner replaced him. Now Rohner is replacing Jenkins, who was ousted today. Unfortunately, Rohner has probably taken over a moribund company.
There ...
15 Feb, 2008 4:11 am
... - This one jumped out at me from the letter to shareholders signed by Chairman Marcel Ospel and CEO Marcel Rohner, who sheepishly admitted there had been a "devastating development in ... Investment Bank's US
residential mortgage business." Being European, Messrs. Ospel and Rohner may not realize we Americans aren't used to hearing corporations use
words like "devastating" when delivering bad news. Les Deux Marcels really should be more culturally sensitive to our delicate ears. What, do they not ...
6 Jul, 2007 5:42 am
In a surprise move, the Swiss bank UBS said late Thursday that its chief executive, Peter A. Wuffli, would be succeeded by his deputy, Marcel
Rohner, effective immediately. The abrupt power shift at UBS comes amid growing criticism about rising expenses and disagreements over strategy
at the bank. In recent months, UBS has struggled with [...]
13 Feb, 2008 5:01 am
UBS on Wednesday named Jerker Johansson as head of its investment bank, ending a protracted search that followed the write-downs of billions of dollars from the subprime crisis. Mr.
Johansson joins UBS, the world's largest wealth manager, from Morgan Stanley, where he was vice chairman for Europe. Marcel Rohner, chief executive of UBS, said in a statement: [...]
17 Mar, 2008 3:44 am
The Swiss bank UBS is considering cutting as many as 8,000 jobs to save costs, and will not rule out a possible split of its wealth management and investment banking business, a Swiss
newspaper reported Sunday. The chief executive, Marcel Rohner, reaffirmed at a recent meeting of 300
senior UBS bankers that the company wants to [...]
23 Apr, 2008 9:33 am
The Swiss banking giant, UBS, will put its investment banking business on a much tighter leash, top executives said Wednesday, as it tries to overhaul its corporate governance in the
wake of losses suffered in the subprime mortgage collapse. "We no longer aim to offer everything to everyone in investment banking," the chief executive, Marcel Rohner, [...]
1 Jul, 2008 12:04 pm
It's understandable if morale at UBS is a little low right now. The Swiss bank has been battered by the markets lately, and is under pressure from investors to break itself up. But the
bank's employees may receive some small bit of solace. UBS's chairman, Marcel Rohner, gave a pep-talk
via memo over the weekend and [...]
17 Nov, 2008 5:47 pm
Less than a day after Goldman Sachs said its top executives would give up their bonuses this year, UBS announced Monday that its chairman, Peter Kurer; its chief executive,
Marcel Rohner; and members of its executive board would also have a bonus-free 2008. The bank, which
recently took a bailout package worth as much as $60 [...]
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