UBS Sees Leaders Exit, Expects Profit

Levaux, Janet
November 2011
Research;Nov2011, Vol. 34 Issue 11, p20
The article reports that UBS announced in early October 2011 that the co-heads of its global-equities unit resigned in response to the unauthorized trading that led to a loss of 2.3 billion U.S. dollars for the bank in September 2011. According to the author, these personnel changes comes after the resignation of former UBS chief executive officer (CEO) Oswald Gruebel and the appointment of Sergio Ermotti as interim CEO.


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