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Oswald Grübel
Oswald Jürgen Grübel (born November 23, 1943) is a German banker who was the group chief executive officer of Swiss bank UBS AG from 26 February 2009 until his sudden resignation on the 24 September 2011 in the wake of the 2011 UBS rogue trader scandal. Previously, he has been head of Credit Suisse between 2003 and 2007. 'WSJ''. Accessed 15 March 2016.] Education Grübel did not attend university, but took an in banking and securities trading at in Mannheim and Frankfurt.Career Grübel began his career at ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UBS AG
UBS Group AG (stylized simply as UBS) is a multinational Investment banking, investment bank and financial services firm founded and based in Switzerland, with headquarters in both Zurich and Basel. It holds a strong foothold in all major financial centres as the List of largest banks, largest Swiss banking institution and the Private banking, world's largest private bank. UBS manages the largest amount of private wealth in the world, counting approximately half of The World's Billionaires among its clients, with over US$6 trillion in assets (AUM). Based on international deal flow and political influence, the firm is considered one of the "biggest, most powerful financial institutions in the world". UBS is also a leading market maker and one of the eight global 'Bulge bracket, Bulge Bracket' banks. Due to its large presence across the Americas, Europe, the Middle East and Africa, EMEA and Asia–Pacific markets, the Financial Stability Board considers it a Systemically importa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2011 UBS Rogue Trader Scandal
The 2011 UBS rogue trader scandal caused a loss of over US$2 billion at Swiss bank UBS, as a result of unauthorized trading performed by Kweku Adoboli, a director of the bank's Global Synthetic Equities Trading team in London in early September 2011. On 24 September 2011, Oswald Grübel, the CEO of UBS, resigned "to assume responsibility for the recent unauthorized trading incident", according to a memo to UBS staff. On 5 October Francois Gouws and Yassine Bouhara, the co-heads of Global Equities at UBS, also resigned."UBS Equities Chiefs Resign in Wake of Scandal " 5 October 2011 It later emerged that UBS had failed to act on a warning issued by its computer system about Adoboli's trading. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Suisse
Credit Suisse Group AG (, ) was a global Investment banking, investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration was yet to be completed, both banks are operating separately. However, on May 31, 2024, it was announced that Credit Suisse ceased to exist. Headquartered in Zürich, as a standalone firm, it maintained offices in all major financial centres around the world and provided services in investment banking, private banking, asset management, and shared services. It was known for strict Bank secrecy, bank–client confidentiality and Banking in Switzerland, banking secrecy. The Financial Stability Board considered it to be a Systemically important financial institution, global systemically important bank. Credit Suisse was also a primary dealer and Forex counterparty of the Federal Reserve in the United States. Credit Suisse was founded in 185 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Apprenticeship
Apprenticeship is a system for training a potential new practitioners of a trade or profession with on-the-job training and often some accompanying study. Apprenticeships may also enable practitioners to gain a license to practice in a regulated occupation. Most of their training is done while working for an employer who helps the apprentices learn their trade or profession, in exchange for their continued labor for an agreed period after they have achieved measurable competencies. Apprenticeship lengths vary significantly across sectors, professions, roles and cultures. In some cases, people who successfully complete an apprenticeship can reach the " journeyman" or professional certification level of competence. In other cases, they can be offered a permanent job at the company that provided the placement. Although the formal boundaries and terminology of the apprentice/journeyman/master system often do not extend outside guilds and trade unions, the concept of on-the-job trai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Bank
Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Deutsche Bank was founded in 1870 in Berlin. From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as ''Deutsche Bank und Disconto-Gesellschaft'' or DeDi-Bank. Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan, Grenfell & Company, Morgan Grenfell in 1990, Bankers Trust in 1998, and Deutsche Postbank in 2010. As of 2018, the bank's network spanned 58 countries with a large presence in Europe, the Americas, and Asia. It is a component of the DAX stock market index and is often referred to as the List of banks in Germany, largest German banking institution, with Deutsche Bank holding the majority stake in DWS Group for combined assets of 2.2 trillion euros, rivaling even Spa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White Weld & Co
White is the lightest color and is achromatic (having no chroma). It is the color of objects such as snow, chalk, and milk, and is the opposite of black. White objects fully (or almost fully) reflect and scatter all the visible wavelengths of light. White on television and computer screens is created by a mixture of red, blue, and green light. The color white can be given with white pigments, especially titanium dioxide. In ancient Egypt and ancient Rome, priestesses wore white as a symbol of purity, and Romans wore white togas as symbols of citizenship. In the Middle Ages and Renaissance a white unicorn symbolized chastity, and a white lamb sacrifice and purity. It was the royal color of the kings of France as well as the flag of monarchist France from 1815 to 1830, and of the monarchist movement that opposed the Bolsheviks during the Russian Civil War (1917–1922). Greek temples and Roman temples were faced with white marble, and beginning in the 18th century, with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John J
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died ), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (died ), one of the twelve apostles of Jesus Christ * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope John ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winterthur Group
Axa Winterthur is a multinational insurance company. The original company named Winterthur was founded in Winterthur, Switzerland, in 1875. From 1997 to June 2006, Winterthur was a Credit Suisse (CS) subsidiary. Paris-based Axa Insurance entered into a definitive agreement to purchase Winterthur group from CS for approximately CHF 12 billion. From 2007 onward, Axa merged the companies. Due to the takeover, Axa Insurance took over the brand name and general supervision of the company. Logo changes started to appear in Barcelona during January 2007. Winterthur has subsidiaries in Germany, the United Kingdom, Belgium, the Netherlands, Hungary, Poland, the Czech Republic, the United States, Slovakia, Japan, Taiwan, Hong Kong, and Luxembourg. In addition, it has subsidiaries in Spain, although Axa are based in Madrid and Winterthur are based in Barcelona Barcelona ( ; ; ) is a city on the northeastern coast of Spain. It is the capital and largest city of the autonomous communi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brady Dougan
Brady William Dougan (born August 30, 1959) is an American banker and CEO of Exos. From 2007 to 2015, he was the chief executive officer of Credit Suisse. Before this, Dougan was CEO of Investment Banking and acting CEO of Credit Suisse Americas. On 10 March 2015, it was announced that Tidjane Thiam, the CEO of Prudential, would replace Dougan as the next CEO of Credit Suisse in June 2015. Early life Dougan received a BA in Economics in 1981 from the University of Chicago and an MBA in Finance in 1982 from the University of Chicago Booth School of Business. Career After starting his career in the derivatives group at Bankers Trust, Dougan was hired by Allen Wheat to join Credit Suisse Financial Products in 1990. In 1996, he was named Head of the Equities division, a position he held for five years before being appointed Global Head of the Securities division in 2001. From 2002 to July 2004, he was Co-President, Institutional Services at Credit Suisse First Boston. From 2004 unt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marcel Rohner (banker)
Marcel Rohner (born 4 September 1964) 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. Since 2016, he serves as vice president of Union Bancaire Privée, and since 2021 as chairman of the Swiss Bankers Association. Rohner is an ally of Thomas Matter and holds a 5% stake of Helvetische Bank AG. Early life and education Rohner was born 4 September 1964 in Aarau, Switzerland, a son of Hans and Helen (née Kraus) Rohner, and was raised in Küttigen, a small municipality, where he attended the local schools. His mother was a member of the District Court Aarau and a representative for the Christian Democratic People's Party. He completed his Matura Typus E at Old Cantonal School Aarau. Rohner graduated with a Ph.D. in Economics from the University of Zurich and was a research and teaching assistant at the Institute fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sergio Ermotti
Sergio Pietro Ermotti (born 11 May 1960) is a Swiss manager and investment banker. 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. He is also a board member of the Institute of International Finance. Ermotti took over as Group CEO at UBS after the 2011 rogue trader scandal, implementing strict corporate policies governing community standards. He initiated a major restructuring of the bank, redefining strategy, putting wealth management and Swiss business at its centre, alongside asset management and a more focused and capital-light investment banking. Leading the firm for nearly a decade, he was the longest serving head of UBS. In February 2020, UBS announced that Ralph Hamers, CEO of ING Group, would be succeeding Ermotti as Group CEO on 1 November 2020. F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1943 Births
Events Below, the events of World War II have the "WWII" prefix. January * January 1 – WWII: The Soviet Union announces that 22 German divisions have been encircled at Stalingrad, with 175,000 killed and 137,650 captured. * January 4 – WWII: Greek-Polish athlete and saboteur Jerzy Iwanow-Szajnowicz is executed by the Germans at Kaisariani. * January 10 – WWII: Guadalcanal campaign, Guadalcanal Campaign: American forces of the 2nd Marine Division and the 25th Infantry Division (United States), 25th Infantry Division begin their assaults on the Battle of Mount Austen, the Galloping Horse, and the Sea Horse#Galloping Horse, Galloping Horse and Sea Horse on Guadalcanal. Meanwhile, the Japanese Seventeenth Army (Japan), 17th Army makes plans to abandon the island and after fierce resistance withdraws to the west coast of Guadalcanal. * January 11 ** The United States and United Kingdom revise previously unequal treaty relationships with the Republic of China (1912–194 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
