Arab Today, arab today ubs plans to appoint axel weber chairman
Last Updated : GMT 16:54:32
Arab Today, arab today
Arab Today, arab today

UBS plans to appoint Axel Weber chairman

Arab Today, arab today

Arab Today, arab today UBS plans to appoint Axel Weber chairman

Bern - Arabstoday

UBS AG plans to appoint Axel Weber as chairman, easing concern over succession at Switzerland\'s largest bank and ending speculation the former Bundesbank president might take a top post at Deutsche Bank AG. Weber, 54, will be nominated to the board of directors at the next shareholders meeting on May 3, 2012, the Zurich-based bank said in a statement yesterday. If elected, the board plans to appoint Weber as vice chairman next year, and as chairman, to succeed Kaspar Villiger, in 2013. \"With Axel Weber\'s nomination, I am pleased that I can present a board member and future chairman who is an internationally renowned personality with an outstanding reputation,\" Villiger, 70, said in the statement. \"He has extremely broad expertise in international finance and banking as well as strong leadership experience.\" Weber was a frontrunner to succeed Jean-Claude Trichet as president of the European Central Bank until he announced his departure from the Bundesbank in February. Article continues below He was also considered a potential candidate to succeed Deutsche Bank chief executive officer Josef Ackermann, people with knowledge of the matter said in May. UBS has been looking for successors for its top posts after bringing Villiger, a former Swiss finance minister, and CEO Oswald Gruebel, 67, out of retirement in 2009 to rebuild the bank following the biggest loss in Swiss corporate history. Attractive prospect \"From a top-down perspective, it\'s clearly very positive,\" said Kian Abouhossein, a London-based analyst at JPMorgan Chase & Co. \"His contacts within Europe and globally will be very useful to UBS. And in a very fast changing regulatory environment he\'ll be a great asset to have within the firm.\" UBS rose 15 centimes, or one per cent, to 15.48 francs (Dh67) by 12.08pm in Swiss trading, leaving the stock up 0.9 per cent this year. That compares with a four per cent decline in the 49- company Bloomberg Europe Banks and Financial Services Index.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ubs plans to appoint axel weber chairman Arab Today, arab today ubs plans to appoint axel weber chairman

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday