ubs/axel weber

New UBS chairman puts spotlight on Deutsche succession plans

Axel Weber accepts the chairman's job at UBS, opening the door for Anshu Jain to become head honcho at Deutsche.

<div style="text-align: left;"> New UBS chairman Axel Weber delivering his farewell speech at the Bundesbank in May (AFP) </div>

Sameera Anand

July 05, 2011

On Friday, UBS announced that Axel Weber would join its board as vice chairman in 2012, and take over as chairman of the Swiss bank in 2013. The appointment has left many asking what this means for Deutsche Bank’s plans to name a successor to Josef Ackermann.

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