UBS ermotti

Head rolls at UBS

Oswald Grübel takes responsibility for the $2.3 billion trading loss at UBS and resigns as group CEO. He is replaced, on an interim basis, by Sergio Ermotti who joined UBS in April.

Sameera Anand

September 26, 2011

Time is up for Grübel (AFP)

After resisting calls for his departure for more than a week, Oswald Grübel resigned from his job as group chief executive officer of UBS over the weekend. He was replaced on an interim basis by Sergio Ermotti.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Disruption