Southpaw: UBS revamp fails to stem defections
Although it has pushed hard to promote promising talent within its investment banking franchise, UBS is finding it hard to stem the steady flow of defections. Talk of low bonuses does not help, but CEO Oswald Gruebel has made no secret of the fact he wants the bank to improve. David Rothnie writes.
Less than two weeks after orchestrating a revamp of its advisory and underwriting business with a blizzard of internal appointments, UBS was forced on Monday to tweak the newly-printed organisation chart.
Simon Dowker, a 11-year veteran of the firm who was promoted just last month to run the
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