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By Janet Levaux |
December 26, 2011
UBS recently made Bob McCann head of UBS’ operations in the Americas and reassigned Philip Lofts to the post of chief risk officer for the Swiss-based firm. Maureen Miskovic, who had been chief risk officer for UBS since early 2010, left the firm.
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By Janet Levaux & Marlene Satter |
December 1, 2011
Bob McCann takes over as CEO for the Americas business from Lofts, who re-assumes his role as chief risk officer for the global bank
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By Janet Levaux |
October 26, 2011
UBS said in early October that the co-heads of its global-equities unit resigned in response to the unauthorized trading that caused a $2.3 billion loss at the bank in mid-September. A former Bank of America-Merrill Lynch executive is now the sole leader of the unit. These shifts come on the...
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By Janet Levaux, AdvisorOne |
October 20, 2011
As further details emerge regarding its recent $2.3 billion trading loss, UBS interim CEO Sergio Ermotti has decided against spinning off or selling the investment bank and, instead, plans to reduce its size, especially in its fixed-income work.
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By Janet Levaux, AdvisorOne |
October 5, 2011
The arrest of UBS trader Kweku Adoboli last month has led to the resignations of Francois Gouws and Yassine Bouhara; Mike Stewart assumes leadership role for UBS equities.
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By Janet Levaux, AdvisorOne |
October 4, 2011
UBS said Tuesday that, despite a loss of $2.3 billion related to unauthorized trading and $433 million restructuring charge tied to cost cutting, it should report a modest net profit for the third quarter of 2011.
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By Janet Levaux, AdvisorOne |
July 27, 2010
The number of UBS advisors in the United States and Canada stands at 6,760 - a 2% decline from the first quarter and a 15% decline from last year.
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By Janet Levaux, AdvisorOne |
November 1, 2009
After several months of speculation and a legal dispute with his former employer, Bank of America-Merrill Lynch, Robert J. McCann is now CEO of...
