There are two schools of thought about Luqman Arnold, whose tenure as president of the group executive board of UBS AG ended abruptly after less than eight months in the job.
But everyone agrees about one thing: his sacking by chairman Marcel Ospel and replacement by asset management chief Peter Wuffli was a bolt from the blue.
“Normally this place leaks like a sieve,” says one UBS investment banker. “But there was not even a hint of a whisper about this.
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