Ubs Ceo Gruebel Resigns

NEW YORK (TheStreet) -- UBS CEO Oswald Gruebel has resigned from the bank. UBS' board has appointed Sergio P. Ermotti to be interim CEO, the bank said in a news release Saturday. The Zurich, Switzerland-based bank is reeling from an estimated $2.3 billion of losses caused by rogue trader Kweku Adoboli, who has been charged with fraud and false accounting.

BING NEWS:
  • Group Executive Board
    Sergio P. Ermotti has been Group CEO of UBS Group AG and President of the Executive Board of UBS AG since April 2023. He was also the Group CEO from 2011 to 2020. He re-joined UBS from Swiss Re, where ...
    11/11/2022 - 4:42 am | View Link
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