UBS Group said on Tuesday Credit Suisse CEO Ulrich Koerner will join the executive board of the combined bank once it closes its takeover of its Swiss rival, while Todd Tuckner will replace Sarah Youngwood as chief financial officer.
, which UBS agreed to takeover in March for 3 billion Swiss francs , saying it would assume up to 5 billion francs in losses as part of a rescue backed by as much as 250 billion francs of state support.
Commenting on Koerner's future role, UBS said he had knowledge of both organisations and would be responsible for Credit Suisse operational continuity and client focus, while supporting its integration. UBS reiterated that it will evaluate all options for Credit Suisse’s Swiss business and will "communicate further on this matter in the coming months."
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
UBS announces Credit Suisse CEO Koerner to join board after emergency rescueUBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of the stricken bank completes.
Leer más »
Credit Suisse economist Zoltan Pozsar leaves the bank - WSJZoltan Pozsar, a widely followed Credit Suisse markets guru, has left the bank, part of an exodus of staff that started in the months before the lender's shotgun takeover by rival UBS , the Wall Street Journal reported on Monday.
Leer más »
UBS upgrades this pool equipment stock ahead of a potential demand reboundUBS says Pentair shares could rally more than 24% as demand in the pool sector is expected to rebound later this year.
Leer más »
Oath Keepers leader wants time served credit for running groupRhodes is facing a potential 25-year prison sentence after being found guilty on multiple sedition charges connected to the January 6 riot.
Leer más »
WSJ News Exclusive | Zoltan Pozsar’s Writing Is Dense, Esoteric—and a Hit. Now He’s Left Credit Suisse.Zoltan Pozsar, a widely followed Credit Suisse markets guru, has left the bank, part of an exodus of staff that started in the months before the lender’s shotgun takeover by rival UBS
Leer más »
Donate to send kids to camp; get an Arizona tax creditThe Arizona Daily Star Sportsmen’s Fund raises money so children from low-income households and military families can attend summer camp at little or no cost to their families.
Leer más »