Kurer confirmed as new UBS chair after AGM
UBS general counsel Peter Kurer has been confirmed as the new chairman of the Swiss banking giant following its annual general meeting yesterday (23 April). Kurer, who has been acting as chairman of the board in an interim capacity, takes up the top role with immediate effect, his appointment having been approved with 87% of the vote. Shareholders additionally voted to reduce the terms of the board of directors from three years to just one.
April 24, 2008 at 06:38 AM
2 minute read
UBS general counsel Peter Kurer has been confirmed as the new chairman of the Swiss banking giant following its annual general meeting yesterday (23 April).
Kurer, who has been acting as chairman of the board in an interim capacity, takes up the top role with immediate effect, his appointment having been approved with 87% of the vote. Shareholders additionally voted to reduce the terms of the board of directors from three years to just one.
Kurer replaces Marcel Ospel at the head of the bank, which has been hit hard by the sub-prime mortgage crisis.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 2First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
- 3The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 4The Growing Tension—And Opportunity—in Big Law Nonequity Tiers
- 5The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250