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UBS’s Largest Shareholder Backed Gruebel, Villiger Tells NZZ

The Government of Singapore Investment Corp., UBS AG (UBSN)’s biggest shareholder, repeatedly expressed confidence in Oswald Gruebel, NZZ am Sonntag reported, citing an interview with UBS Chairman Kaspar Villiger.

The board of UBS “begged” Gruebel to stay on as chief executive officer to help with crisis management, Villiger said, according to the Zurich-based newspaper.

To contact the reporter on this story: Giles Broom in Geneva at gbroom@bloomberg.net

To contact the editor responsible for this story: Frank Connelly in Paris at fconnelly@bloomberg.net

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