The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Banking on a Swiss roll

Grand Hotel Baur au Lac, Zurich, Switzerland

Only Holey Buckett can roll into my office with the notion that a Swiss bank is in play, and even Holey only after lunch, and as to the notion that he and I can pick it up and play with it, well, it just goes to show how salesmanlike Holey can be, but how I wish he saves this for the customers. He plunks these certificates down on my desk, with a design on them featuring cuckoos and gnomes and gothic lettering which makes me figure it is German, then he waits for me to look impressed, this (he says) is the stock of the Union Bank of Switzerland, my friend Martin collects it, and if we help him fill his hand he remembers who his friends are.

Sure, he is welcome to bet on his chances but if he hopes to scoop up UBS he must have a better chance of scooping up the Matterhorn, I figure if anyone attempts this Switzerland declares war, with the top UBS guys in command of the army, for them the bank is just a day job.

Never mind, Holey says, this is just a civil war or maybe an inter-cantonal conflict, Martin is Swiss and runs an investment fund there, he skirmishes with UBS for years, all about special votes for Swiss citizens and the status of the bearer stock, but now he figures he can see the winning-post, old Senn is standing down as chairman and Robert Studer prepares to step up, but Martin can think of a far better chairman, meaning him.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree