US EditionRumors Swirl Around UBS Chairman Colm Kelleher
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Rumors Swirl Around UBS Chairman Colm Kelleher
Tensions between UBS and the Swiss Federal Council, strained in recent months, may now be easing. Signs of an unexpected rapprochement are beginning to emerge. UBS CEO Sergio Ermotti has never concealed his view that the government’s proposals for tighter big-bank regulation go too far. Chairman Colm Kelleher was equally outspoken at the bank’s annual general meeting in Lucerne in April, warning: «Overregulation is a very big risk.» Despite the …
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