Southpaw: UBS reshuffles for profits boost

11 Mar 2011

Another year, another reshuffle. The retirement of a UBS veteran has prompted the bank to have another stab at putting in place a new management team for its investment banking division. As David Rothnie writes, the aim is restore the bank’s former glory in what is a crucial business for the firm.

UBS is hoping that the third management reshuffle of its global investment banking division since the financial crisis will usher in an era of sustained and improved profitability — and return it to the elite.

Last week, the bank used the retirement of John Wall, a former head ...

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