Geneva-based Bilan didn’t give any details on how it obtained the information and didn’t say who asked Gruebel to leave. Discussions at board level are under way concerning Gruebel’s successor, the magazine said in a pre-release of a story to be published in tomorrow’s edition.
A UBS spokesman declined to comment, Bilan said.
A spokesman for the Zurich-based bank declined to comment when contacted by Bloomberg News, saying he hadn’t read the Bilan story. He wouldn’t comment further.
To contact the reporters on this story: Giles Broom in Geneva at firstname.lastname@example.org