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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] [Amazon] |
Lugano
Lugano ( , , ; ) is a city and municipality within the Lugano District in the canton of Ticino, Switzerland. It is the largest city in both Ticino and the Italian-speaking region of southern Switzerland. Lugano has a population () of , and an urban agglomeration of over 150,000. It is the List of cities in Switzerland, ninth largest Swiss city. The city lies on Lake Lugano, at its largest width, and, together with the adjacent town of Paradiso, Switzerland, Paradiso, occupies the entire bay of Lugano. The territory of the municipality encompasses a much larger region on both sides of the lake, with numerous isolated villages. The region of Lugano is surrounded by the Lugano Prealps, the latter extending on most of the Sottoceneri region, the southernmost part of Ticino and Switzerland. Both western and eastern parts of the municipality share an international border with Italy. Described as a market town since 984, Lugano was the object of continuous disputes between the soverei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Advanced Management Program
An Advanced Management Program (AMP) is an intensive non-degree senior executive education program often offered by elite business schools and aimed at senior managers and government officials. It is offered by business schools in several parts of the world, including North America, Europe, India, and Australia. Participants usually have at least 15 years of management experience and are within one or two levels of the C-suite. Such programs exclude the core curriculum of MBA and Executive MBA programs because, according to the ''Wall Street Journal'', "these students are well beyond that fare." Instead, Advanced Management Programs focus on teaching "how to lead ... and the fine art of executing a vision." The Columbia Business School AMP, for example, is built on three pillars: Leading authentically, thinking strategically, and executing dynamically. Advanced Management Programs are usually highly selective. Business schools only offer them at most twice per year and generall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Restructuring
Restructuring or Reframing is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout. Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring. Executives involved in restructuring often hire financial and legal advisors to assist in the transaction's details and negotiations. It may also be done by a newly-hired CEO specifically to make the difficult and controversial decisions, required to save or reposition the company. It generally involves financing debt, selling portions of the company to investors, and reorganizing or reducing operations. The basic nature of restr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Libor Scandal
The Libor scandal was a series of fraudulent actions connected to the Libor (London Inter-bank Offered Rate) and also the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates by major banks across the world. The scandal arose when it was discovered in 2012 that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were. Libor underpins approximately $350 trillion in derivatives. It is currently administered by Intercontinental Exchange (ICE), which took over running the Libor in January 2014.Calculating Interest . British Bankers' Association. Retrieved 17 July 2012. The banks are supposed to submit the actual |
Andrea Orcel
Andrea Orcel (; born May 14, 1963) is an Italian investment banker who is CEO of UniCredit. He was the president of UBS, UBS Investment Bank from November 2014 to September 2018. He was poised to take on the role of Chief Executive of Banco Santander from September 2018 to January 2019; however, the job offer was withdrawn which resulted in him taking legal action against Santander. In December 2021, a judge awarded him €68m in compensation, including €10m for moral damages. Orcel started his own boutique investment bank before taking the role at UniCredit. Orcel is a controversial figure in European business and international banking. He has been called one of the most successful investment bankers of his generation. Orcel has also been routinely criticized for his abrasive management style, overworking subordinates, and being hyper-competitive. Early life and education Andrea Orcel was born on May 14, 1963, in Rome, Rome, Italy. His father ran a small Lease, leasing comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
London Stock Exchange Group Plc
London Stock Exchange Group plc, also known as LSEG, is a global provider of financial markets data and infrastructure headquartered in London, England. It owns the London Stock Exchange (on which it is also listed), Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb. History The London Stock Exchange was founded in Sweeting's Alley in London in 1801. It moved to Capel Court the following year. In 1972, the Exchange moved to a new purpose-built building and trading floor in Threadneedle Street. Deregulation, sometimes known as "big bang", came in 1986 and external ownership of member firms was allowed for the first time. In 1995, the Alternative Investment Market was launched and in 2004 the Exchange moved again, this time to Paternoster Square. Between April and May 2006, having been rebuffed in an informal approach, Nasdaq built up a 23% stake in the Exchange. The stake grew to 29% as a result of the London exchange's share consolidation. N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Darwin Airline
Darwin Airline SA was a Switzerland, Swiss regional airline with its head office in Bioggio, Lugano flying under the brand name Adria Airways Switzerland. It operated scheduled domestic and international services in some western European countries. It used the brand name Etihad Regional from January 2014 to July 2017, when Etihad Airways sold its 33% stake to the owner of Adria Airways. It previously also operated flights on behalf of Alitalia. Its bases were Geneva Airport and Lugano Airport. In November 2017, the Swiss authorities suspended the airline's license for scheduled flights due to financial difficulties but allowed the Aircraft lease#Wet lease, wetlease operations to be continued. On 12 December 2017, the airline was declared bankrupt and ceased all remaining operations after its license was voided, while some of its fleet was transferred to its owner Adria Airways; the Saab 2000 aircraft operated scheduled services from Ljubljana Airport in the name of Adria Airways ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Executive Board
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the chief exe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
HypoVereinsbank
HypoVereinsbank (HVB), legally registered since late 2008 as UniCredit Bank GmbH, is a significant bank in Germany headquartered in Munich. It has been part of the Milan-based UniCredit group since 2005, and fully owned by it since 2008. As a consequence, HVB is operating exclusively in Germany, where it mainly focuses on private clients business and corporate banking, customer-related capital market activities and wealth management. HypoVereinsbank's predecessor entities include financial institutions that played major roles in the financial history of Bavaria, including the Bavarian State Bank (1780-1971), Bayerische Hypotheken- und Wechsel-Bank (1835-1998), Bayerische Vereinsbank (1869-1998), and Bayerische Notenbank (1875-1934). History Stand-alone bank In 1998, Bayerische Hypotheken- und Wechsel-Bank (also known as Hypo-Bank) and Bayerische Vereinsbank merged to form Bayerische Hypo- und Vereinsbank Aktiengesellschaft, also known as HypoVereinsbank or HVB. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
UniCredit
UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was formed through the merger of Credito Italiano and Unicredito in 1998 but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Borsa Italiana and Frankfurt Stock Exchange and is a constituent stock of the Euro Stoxx 50 index of leading shares. With corporate & investment banking, commercial banking and wealth management operations, Unicredit is a pan-European bank with a strong presence in Western, Central and Eastern Europe. Through its European banking network, it provides access to market-leading products and services in 13 core markets: Italy, Germany as HypoVereinsbank, Austria as Bank Austria, Russia and nine other Central and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Capital Markets
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. Financial regulators like Securities and Exchange Board of India (SEBI), Bank of England (BoE) and the U.S. Securities and Exchange Commission (SEC) oversee capital markets to protect investors against fraud, among other duties. Transactions on capital markets are generally managed by entities within the financial sector or the treasury departments of governments and corporations, but some can be accessed directly by the public. As an example, in the United States, any American citizen with an internet connection can create an account with TreasuryDirect and use it to buy bonds in the primary market. However, sales to indi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Equity Derivatives
In finance, an equity derivative is a class of derivatives whose value is at least partly ''derived'' from one or more underlying equity securities. Options and futures are by far the most common equity derivatives, however there are many other types of equity derivatives that are actively traded. Equity options Equity options are the most common type of equity derivative. They provide the right, but not the obligation, to buy (call) or sell (put) a quantity of stock (1 contract = 100 shares of stock), at a set price (strike price), within a certain period of time (prior to the expiration date). Warrants In finance, a warrant is a security that entitles the holder to buy stock of the company that issued it at a specified price, which is much lower than the stock price at time of issue. Warrants are frequently attached to bonds or preferred stock as a sweetener, allowing the issuer to pay lower interest rates or dividends. They can be used to enhance the yield of the bond, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
