Wednesday, April 7, 2010 as of 11:14 AM ET
Axel Alfred Weber (born 8 March 1957 in Kusel) is a German economist, professor and banker. He teaches at the University of Chicago Booth School of Business and is a board member and chairman of the board of UBS.
Read More at Wikipedia ›UBS (NYSE:UBS) named its interim chief executive officer Sergio Ermotti to the permanent role on Tuesday, responsible for heading up the investment bank’s turnaround and refocusing the company’s strategies.
Ermotti, 51, was appointed interim CEO in September after Oswald Gruebel resigned over a rogue trading scandal that cost UBS $2.3 billion. The Swiss bank says it picked Ermotti after a comprehensive evaluation process.The company’s current chairman, Kaspar Villiger, will not run for re-election at the annual investor meeting in May 2012. UBS noted that if Axel Weber is voted to the board, he will immediately become its chairman. “Now we have stabilized UBS, turned it into one of the world's best capitalized financial institutions, and defined its future strategy,” Villiger said. “I feel it is time to accelerate the planned leadership change at the highest levels of the bank.”UBS said its board has backed the bank’s strategy, which is making the investment bank more focused, less com...By Saeed Hasan and Emma ThomassonSINGAPORE/ZURICH (Reuters) - UBS Chief Executive Oswald Gruebel will ask the Swiss bank's board to back plans for a radical overhaul...
UBS Chief Executive Oswald Gruebel will ask the Swiss bank's board to back plans for a radical overhaul of investment banking under his leadership at a meeting in Si...
By Emma ThomassonZURICH (Reuters) - The rogue trade disaster at UBS <UBSN.VX> will put pressure on the Swiss bank to accelerate plans to install a successor to Chief...
Swiss bank UBS said a rogue trader had lost it $2 billion in unauthorized dealing, and police in London arrested a man in connection with the case.British police sai...
Swiss bank UBS said a trader had lost it around $2 billion in unauthorized deals, and police in London arrested 31-year old Kweku Adoboli in connection with the case...
By Madeline ChambersBERLIN (Reuters) - Germans expressed shock and dread about the direction of euro zone policy on Saturday after their top official at the European...
By Annika BreidthardtMARSEILLE, France (Reuters) - Germany has proposed deputy finance minister Joerg Asmussen to replace Juergen Stark on the European Central Bank'...
BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble is the favorite to succeed Jean-Claude Juncker as chairman of the Eurogroup of euro zone finance minist...
(Reuters) - European Central Bank Executive Board Member Juergen Stark will step down from his post because of a conflict over the central bank's controversial bond-...
The leaders of Germany, France and Spain will hold crisis talks about Europe's spiraling debt crisis on Friday after China and Japan called for global policy coopera...
By Andreas Framke and Paul CarrelFRANKFURT (Reuters) - Germans Jens Weidmann and Juergen Stark led a four-man group who opposed the reactivation of the European Cent...
The European Central Bank kept interest rates at 1.5 percent as expected on Thursday, but may signal it is back in crisis mode at its upcoming news conference as the...
By Paul TaylorAsk senior European Union policymakers in private what can stop the euro zone's festering sovereign debt crisis and the answer is "the European Central...
ZURICH (Reuters) - UBS <UBSN.VX> chairman Kaspar Villiger should stand down at the bank's next annual general meeting in May and hand over then to designated success...
By Paul CarrelFRANKFURT (Reuters) - After keeping his cool for almost eight years, European Central Bank President Jean-Claude Trichet exploded last month.The French...
ZURICH -( Dow Jones )- Swiss activist shareholder group Ethos Foundation Monday called for further changes in the senior management team of UBS AG (UBS), requesting ...
UBS investors gave a cautious welcome to the Swiss bank's new caretaker chief executive on Monday after Oswald Gruebel resigned in the wake of a $2.3 billion rogue t...
By Marc JonesWASHINGTON (Reuters) - The European Central Bank battled to avoid being dragged further into the area of fiscal policy this weekend, as its policymakers...
By Saeed Azhar and Harry SuhartonoSINGAPORE (Reuters) - UBS <UBSN.VX> CEO Oswald Gruebel will ask the board of the Swiss financial giant to back his leadership and k...
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