Former Swiss finance minister to replace Kurer at helm of UBS.

Euromoney was the last publication to carry an in-depth interview with Marcel Rohner before he resigned as CEO of UBS at the end of February. In the interview he details the challenges that will now face his successor, Ossie Grübel.

The Private Banking and Wealth Management Survey 2009 received 1643 valid votes (1244 'part B' votes, 399 'part A' votes), representing $11.8 trillion of Assets under Management.

UBS’s chief executive was the first global bank head to tackle the impact of the credit crunch. His actions may have saved the bank. Much remains to be done. The future of the firm’s investment bank is in doubt. And so will Rohner’s own position be, if he doesn’t quickly return the bank to profit and shut the door on outflows in its wealth management franchise. Clive Horwood reports

"Return to profitability in 2009 is our most important priority". The bank’s chief executive details his vision for a new UBS

Why Rohner left UBS

Even as they delever, shed assets, raise capital and hoard liquidity against further hits, banks know they must also fundamentally change the rotten underlying business practices that led them to disaster. If they can’t, even those that manage to survive this disaster will fall victim to the next. That’s if the regulators don’t shut them down first. Peter Lee reports on an industry trying to relearn the basics.

Like other global investment banks that are rushing to send their best talent to the Gulf, UBS is seeking to take advantage of the opportunities there.

Andre Esteves, who was chairman and chief executive of Latin America at UBS Pactual, has left the firm to set up a fund. Rodrigo Xavier will replace him and will report to Jerker Johansson, chairman and chief executive of UBS Investment Bank. In addition, Juerg Haller has been named chairman and chief executive of UBS Latin America, spanning all business groups.

The departure of Andre Esteves from UBS need not be a big setback for the Swiss bank’s fortunes in Brazil.

Andre Esteves has quit his role as global head of fixed income, commodities and currencies (FICC) at UBS, the troubled Swiss investment bank.

UBS has done a service to all investors in bank stocks and bonds by making public the report requested by the Swiss Federal Banking Commission into the root causes of its sub-prime losses.

Despite reporting its first annual loss in 2007 and forecasts of further credit write-downs in the first quarter, Merrill Lynch is getting out the chequebook for its Latin American business. The firm has gone on a shopping spree and plucked the cream of the Latin American investment banking crop, especially in Brazil.

Despite reporting its first annual loss in 2007 and forecasts of further credit write-downs in the first quarter, Merrill Lynch is getting out the chequebook for its Latin American business.

UBS announced today that it is to appoint David Sidwell, the former CFO of Morgan Stanley, as a non-executive director. Marcel Ospel, the chairman of UBS said Sidwell's "extensive banking expertise will only further strengthen our board". Read our February cover story, 'Board stupid', which revealed how few bankers actually sit on the boards of the world's leading financial institutions.

UBS’s chairman is struggling to hold on but shareholders must resist temptation to remove him at the moment.

Pays SFr10 billion for a 9% stake in the Swiss bank.

UBS has continued the revamping of its European debt capital markets business instigated by Roberto Isolani – who became head of fixed-income capital markets, for EMEA and APAC, at the start of this year.

UBS may want to forget much of this year following the closure of its hedge fund, the departure of senior personnel and a profits warning for the second half of the year. Some investors are even calling for the group to sell its underperforming investment bank. Could the saving grace be its emerging markets business? Sudip Roy asks Huw Jenkins, CEO of the investment bank.

David Soanes has rejoined the UBS fixed-income business.

Hedge Fund Poll: The world’s best hedge fund managers

There should be a health warning: hedge funds can cause death. Peter Wuffli, UBS’s former chief executive was assassinated last week. A hedge fund may have contributed to his untimely departure.

Competition for real estate expertise in Europe heats up.

Challenges of running prop and client money prove too much for Dillon Read Capital Management.

UBS has made its global head of debt capital markets, Suneel Kamlani, chief of staff of the investment bank.

In an investment banking world dominated by US bulge-bracket operations, UBS has muscled its way into the global league. Success has come despite its singular provenance, say critics, and, argues CEO Peter Wuffli, because of it. The Swiss bank’s head explains this reasoning to Chris Leahy and discusses developments on banking’s latest battlefront.

The bank’s ability to lead the headline-grabbing deals as well as smaller transactions indicates its strength in depth.

UBS has confirmed long-standing rumours that it is to relocate its London foreign exchange (FX) trading operation back to Zurich. According to a spokesman at the bank, the move will affect 60 staff working in its spot, derivative and emerging market areas. The spokesman said that the relocation, which will not result in any redundancies, will also affect all front office support and IT staff. The move is scheduled to take place in August.

Fresh from big spending on China’s state lenders, global banks are lining up to buy into its securities industry.

John Costas speaks to Euromoney about the achievements of UBS's investment bank during his tenure as chief executive and the legacy he leaves to his successor.