Private banking: Oswald Grübel claims the tide is turning for UBS
Euromoney Limited, Registered in England & Wales, Company number 15236090
4 Bouverie Street, London, EC4Y 8AX
Copyright © Euromoney Limited 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Private banking: Oswald Grübel claims the tide is turning for UBS

Legendary troubleshooter Oswald Grübel has had a tough first year at UBS, trying to mend the bank’s tattered reputation and staunch the outpouring of client money. But his biggest challenge may be convincing the markets that his methods are working.

UBS: Regulators could bring economic damage

UBS: An onshore network for offshore banking

February update: Grübel says return to profit is just the start for UBS

April update:UBS sends message to wealthy clients


AS THE FIRST anniversary of his appointment as chief executive of UBS approaches, Oswald Grübel has yet to convince the outside world that he is turning the bank around following two nightmare years of huge financial losses and serious damage to its reputation.

UBS is financially much more stable now than at any point since mid-2007. Last year, no doubt heavily guided by conservative Swiss regulators, it rebuilt its tier 1 capital ratio from 11% to 15% by the end of the third quarter, while reducing risk-weighted assets by 30%.

Gift this article