“Berchtold knows his way around Switzerland’s second largest bank... he has steered Credit Suisse’s wealth unit to be within striking distance of UBS” -- WEALTH BULLETIN'S LEADERS
Sunday, 23rd November 2008
Peter Kurer, the new chairman of Swiss bank UBS, said he will have a salary of Sfr10m (£5m), less than half as much as his predecessor Marcel Ospel.
Kurer told a Swiss newspaper that while he did not know the exact figure he would earn, as it partly depends on performance. He said the bank acknowledged bonuses would be below levels seen before the credit crunch.
Ospel reportedly earned around £13m a year.
Sebastian + Barquet, a three-year old design gallery based in New York and Chelsea, is opening a new gallery showing museum quality pieces in Mayfair next month, the first in London to focus on international modernism from the 1940s to the 1960s. Its opening exhibition is dedicated to American modernist design and is curated by celebrated architect Eric Parry.
Bernie Ecclestone, the billionaire owner of Formula One, could slip to 60th on the Sunday Times Rich List following a divorce from his Croatian wife Slavica, who is tipped to get half of his £2.4bn fortune.
© 2008 eFinancialNews Ltd
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