Executive Moves
Fears of City jobs cull as Sergio Ermotti takes over at UBS
UBS today appointed hard-liner Sergio Ermotti as its new chief executive sending shivers of fear through the City that his new strategy could lead to hundreds more job losses. Ermotti was made interim chief executive when Oswald Grübel resigned over the rogue-trading scandal in September. UBS lost $2.3 billion (£1.45…
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