24 Sep '11, 11am

UBS CEO Oswald Gruebel resigns

UBS CEO Oswald Gruebel resigns

ZURICH - Swiss banking giant UBS announced Saturday that chief executive Oswald Gruebel has handed in his resignation, which was accepted by the board of directors, in the wake of a trading scandal. Sergio Ermotti has been named as interim CEO effective immediately, a bank statement said, nine days after the arrest of a trader accused of a $2.3 billion fraud at UBS. While the board "regrets" Gruebel's decision UBS Chairman Kaspar Villiger said in the statement Gruebel "feels that it is his duty to assume responsibility for the recent unauthorised trading incident." Villiger praised Gruebel for "his uncompromising principles and integrity", and acknowledged that during his tenure "he achieved an impressive turnaround and strengthened UBS fundamentally." The board also said it would "fully support" the independent investigation into the rogue trading and would ensure that "m...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

SNA - UBS CEO Gruebel resigns over rogue tradin...

Oswald Gruebel, chief executive officer of UBS AG (UBSN) since February 2009, resigned his post at Switzerland’s largest b...

of ubs ceo resigns: UBS CEO ResignsRogue trader...

lancerlord.blogspot.com 25 Sep '11, 4am

Rogue trader Kweku Adoboli won't be the only person to lose his job over the scandal. UBS chief executive Osawld Gruebel h...

UBS CEO quits, board wants faster restructuring

UBS CEO quits, board wants faster restructuring

straitstimes.com 24 Sep '11, 11am

A file photo taken on Aug 4, 2009 shows chief operating officer of Switzerland's UBS bank Oswald Gruebel answering journal...

Executive shake-up underway at Ener1 as CEO res...

green.autoblog.com 30 Sep '11, 6pm

Ener1 Announces Senior Management and Board of Directors Changes NEW YORK, Sept. 27, 2011 /PRNewswire via COMTEX/ -- Ener1...

HP CEO Leo Apotheker resigns, Meg Whitman to take over

HP CEO Leo Apotheker resigns, Meg Whitman to ta...

hardwarezone.com.sg 23 Sep '11, 1am

HP Board Names Meg Whitman as New CEO Looks like Yahoo! isn't the only company with a new CEO. In a not so surprising move...

RGM Media’s Greg Coote resigns

sinema.sg 23 Sep '11, 2pm

RGM Media’s Greg Coote resigns Sinema September 23, 2011 Behind the Scenes , Business , Etceteras , News No Comments RGM M...

In this UBS study, Singapore ranks 10th most expensive city to live in (above New York) but only #42 in wages and...

In this UBS study, Singapore ranks 10th most ex...

WRS CEO Isabella Loh canned Halloween event at Night Safari, agrees with President Tony Tan's comments Everythingalsocompl...

HP Names Meg Whitman CEO; Apotheker Steps Down ...

justluxe.com 24 Sep '11, 12pm

Hewlett-Packard put to rest much speculation in the market after the close of trading yesterday when it announced presiden...