71 articles found within the last year.
Displaying results 41 - 60
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Listed private equity sector shows signs of confidence
Confidence in UK-listed private equity firms has shown ... The average trading price discount to net asset ... The average discount increased steadily after the bankruptcy ... The narrowing of the discount will be welcome ... One analyst said market prices had come down ... Two sets of results out today have shown...
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Swiss exchange seeks to lure high-frequency traders
Switzerland’s stock exchange has launched a trading platform ... SIX Swiss Exchange said today it had launched ... The new platform is up to 100 times ... The launch represents an effort to attract more ... Last week, Chi-X performed 6% of trades in ... “In today's increasingly competitive exchange industry, high-end technology...
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Gottex to ramp up usage of managed accounts
Fund of hedge funds manager Gottex Fund Management ... Max Gottschalk, head of the $8.5bn (€6.6bn) company's ... Peer RMF, the institutional investment arm of Man ... Investors who own managed accounts engage fund managers ... Managed account owners can also restrict how cash...
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Troubled Swiss hedge fund manager seeks to delist
Absolute Capital Management, the hedge fund manager forced ... The board of the £1.6m (€1.8m) firm said ... A shareholder meeting next month will vote on ... ACM is today mailing out details of a ... ACM restructured its business when it discovered, on ... In previous statements, it said it isolated some...
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UBS hires ex-Credit Suisse banker for restructure
UBS said Wednesday it hired a former high-ranking ... The Zurich-based bank said it will hire Ulrich ... Until August, former McKinsey consultant Koerner was head ... In hiring Koerner to oversee the streamlining of ... There, he noted that the bank's management is ... Wednesday's statement contained no specifics on job cuts,...
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UBS taps three financial experts for its board
UBS Monday named three financial experts to its ... Nominated for UBS board were: Michel Demare, the ... At 10.15 GMT, UBS shares were up Sfr1.05, ... UBS, one of the hardest-hit banks in the ... Shareholders will vote on the nominations April 15 ... "I am very excited that we can propose...
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Swiss private bank offers compensation for fraud as Madoff pleads guilty
Union Bancaire Privee, which lost about $700m (€548m) ... The Swiss bank said today it would pay ... Half of the 22 funds of hedge funds ... Meanwhile, the bank is also creating a new ... UBP's decision to compensate follows other banks that ... In a sign of just how badly the...
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UBS details bumper awards for new executive duo
The head of UBS’ investment bank was one ... Jerker Johansson, who was vice-chairman for Europe at ... UBS said the move was in line with ... The two executives were granted 574,432 shares with ... Based on UBS’ Sfr9.98 share price at 12:08 ... Johansson owned 521,544 shares in UBS and 753,410...
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CV: Credit Suisse chairman Hans Ulrich Doerig
Hans Ulrich Doerig, who has been promoted to ... Credit Suisse announced this this morning that Doerig ... Doerig has been vice-chairman of the Credit Suisse ... He studied at St Gallen University in Switzerland, ... Doerig has been in banking since 1968 when ... Then in 1973 he began his career at...
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$1 trillion up in the air as wealthy reallocate assets
The wealthy are moving their money as never ... With the world’s biggest wealth manager UBS reporting ... Sebastian Dovey, head of consulting at Scorpio Partnership, ... The biggest beneficiary of this shift – at ... HSBC Private Bank, which has become more vocal ... A handful of smaller wealth managers were also...
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Profile: The new UBS chairman Kaspar Villiger
Peter Kurer's proposed successor as chairman of UBS, ... Villager, who will stand for election as Kurer's ... He studied engineering at Zurich's science and technology ... Following his election, he joined the Federal Military ... During Villager's time in public service, he led...
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Swiss banking secrecy meets its match
In Ian Fleming’s novel On Her Majesty’s Secret ... As Fleming said in his iconic 1963 novel: ... Since then, the concept of Swiss banking secrecy ... Today, Swiss banking secrecy is under threat from ... At the centre of these efforts is a ... The US Department of Justice is demanding access...
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Man's fund of hedge funds could lose 90% of assets
Man Group, the world's largest listed hedge fund ... Equity analysts at Morgan Stanley said that, in ... This breaks down as redemptions amounting to 13% ... In their bear case scenario, they predicted Switzerland-based ... The prediction indicates the extent of fury investors...
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Grübel's letter to staff
Oswald Grübel, the new chief executive of UBS ... The full letter follows. ... Message from the new Group CEO: ... Today's announcement of my appointment as new UBS ... Apart from ten years with Deutsche Bank, I ... Our primary goal will be to regain the ... The second goal is to restore financial health...
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CV: Incoming UBS chief executive Oswald Grübel
UBS this morning announced its latest management shake-up ... 2009: Named chief executive of UBS ... 2007: Steps down as chief executive of Credit ... 2004: Named sole chief executive at Credit Suisse ... 2002: Co-chief executive at Credit Suisse ... 2002: Chief executive of Credit Suisse Financial Services...
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UBS rises after settlement, deal cheaper than expected
Shares in UBS rose Thursday after the bank ... At 0846 GMT, UBS shares were Sfr0.41 higher, ... The bank had already moved to shut the ... "The decision by UBS is a landmark and ... The settlement of $780m is far less than ... "It is very positive for UBS to have ... --Write to Katharina Bart, Dow Jones Newswires; +41...
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Credit Suisse compensation drops 25% after loss
Investment banking staff at Credit Suisse earned on ... The compensation and benefits bill at Credit Suisse’s ... The division’s 20,600 staff at the end of ... Credit Suisse said the lower compensation bill was ... The bank last year introduced new elements to ... The compensation bill does not include severance and...
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UBS slashes compensation as investment banking losses double
Staff costs at UBS' investment bank plunged 90% ... Average pay for staff in the division also ... In the fourth quarter of last year, pay ... UBS, which was forced to take emergency capital ... Fourth-quarter staff costs were Sfr293m compared with Sfr3bn ... UBS said the lower staff costs were a...
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Comment: Expect surgery at UBS wealth division
UBS' fourth quarter results next Tuesday are expected ... Industry sources say the most likely bidder for ... Wells Fargo could not be reached for comment. ... UBS sources make the point that the last ... So far, changes to UBS' much-prized wealth unit ... But surgery in wealth is now inevitable following...
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Julius Baer plays down trading incident as 'minor'
Julius Baer Friday played down an anonymous letter ... "This is a minor incident and financially completely ... The letter, purportedly sent by several Julius Baer ... A spokesman for the Swiss banking regulator said ... De Gier declined to answer further questions about...
