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

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

February 07, 2010

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.

Private Banking and Wealth Management Survey 2010

The old order changes

Features

Credit Suisse reaches the summit of private banking

JPMorgan takes the top spot (Ultra-high net worth)

Asia: Clients return to risk cautiously

Latin America: Advisers sceptical of highs

France’s private banks widen their nets

Deutsche lays out big ambitions

The Survey

Full results index

Methodology

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.

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Interview Banking UBS Features February 2010

Peter Lee

Editorial director

Peter Lee is editorial director. He joined Euromoney straight from Oxford University in 1985, and has written about banking and capital markets ever since, being appointed editor in 1999. He became editorial director of Euromoney in May 2005.