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The former Swiss Bank Tower off of Fifth Avenue in New York City opened in 1990. [16] Swiss Bank began the 1990s as the weakest of the "Big Three" Swiss banks but by the end of 1997 would be the driving force behind the merger with Union Bank of Switzerland. SBC had been impacted by losses on its real estate investments and a series of minor ...
In July of last year, he was appointed to the role of chief executive officer of Julius Baer, his current role. [ 6 ] [ 5 ] [ 7 ] This was after the then CEO, Philipp Rickenbache, was ousted after the bank lost 586 million Swiss Francs on loan to the collapsed property firm Signa, with Nic Dreckmann acting as the temporary CEO for the time being.
Marcel Rohner (born 4 September 1964) [1] is a Swiss businessman and banker. Rohner was group chief executive officer (Group CEO) at UBS AG from 6 July 2007 until 26 February 2009, and on the group executive board from October 2007 until his resignation. [2]
As the Swiss National Bank's new chairman Martin Schlegel takes office this week, the jury is out on the central bank's handling of the Credit Suisse crash and its takeover by UBS. Schlegel ...
Union Bank of Switzerland's Mathis Cabiallavetta became chairman of the new bank while Swiss Bank's Marcel Ospel was named chief executive officer. [117] Nearly 80% of the top management positions were filled by legacy Swiss Bank professionals. [81]
UBS Group AG building in St. Gallen.UBS maintains strict banking secrecy practices which have been used to facilitate tax evasion. The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking ...
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Sergio Pietro Ermotti (born 11 May 1960) is a Swiss manager and investment banker. [1] In April 2021, Ermotti was elected chairman of Swiss Re, one of the world's largest reinsurance companies, succeeding Walter Kielholz. He was the chief executive officer (CEO) of UBS Group AG from November 2011 to October 2020 and regained that position in 2023.