Business Moves

Head rolls at UBS

By Sameera Anand | 26 September 2011
Keywords: ubs | sergio ermotti | oswald grubel | kasper villiger

Oswald Grübel takes responsibility for the $2.3 billion trading loss at UBS and resigns as group CEO. He is replaced, on an interim basis, by Sergio Ermotti who joined UBS in April.

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