SWISS DAYBOOK: UBS AG, Zurich Financial, SNB, Julius Baer, KOF

UBS AG (UBSN), Switzerland’s biggest bank, said Sergio Ermotti will hand over all of his private board posts after taking over as interim chief executive officer.

EQUITIES: *UBS appointed search company Egon Zehnder in its hunt for a new CEO and contacted Bill Winters, the former co-CEO of JPMorgan’s investment bank, over a possible role, the Wall Street Journal reported *Zurich Financial closes the acquisition of Malaysian Assurance Alliance *Roche wins first major public tender in Europe to screen women for cervical cancer *Julius Baer is planning to reduce its workforce by about 150 as part of a third round of cost-savings, NZZ reported *Alpiq Holding AG (ALPH) said CEO Giovanni Leonardi will resign and Chairman Hans Schweickardt will replace him on an interim basis *Andreas Koopmann, the chairman of Alstom’s Swiss unit, will resign in March to become chairman of Georg Fischer *Georg Fischer said Martin Huber and Bruno Hug will step down *VP Bank named Siegbert Naescher Chief Financial Officer *Tecan says added costs may hurt operating profit

WHAT TO WATCH: *Deutsche Bank AG (DBK) CEO Josef Ackermann speaks at the Swiss-American Chamber of Commerce CEO luncheon event in Zurich

ECONOMY/GOVERNMENT: *KOF Economic Institute releases its leading indicator for September at 11:30 a.m. *SNB releases the Swiss balance of payments for the second quarter at 9 a.m. *Switzerland’s upper and lower houses of parliament struck a deal on banking capital rules, setting the stage for a final vote today, Tages-Anzeiger reported *The SNB will defend its franc ceiling with all measures, President Philipp Hildebrand said late yesterday

MARKETS: *The SMI rose 1 percent to 5,608.60 *The SPI gained 0.9 percent to 5,080.92 *The Stoxx Europe 600 Index rose 0.7 percent to 228.90 *The MSCI Asia-Pacific Index dropped 0.5 percent at 7:24 a.m. Zurich time *Euro-franc traded at 1.2188 at 7:24 a.m. Zurich time

To contact the reporter on this story: Carolyn Bandel in Zurich at

To contact the editor responsible for this story: Frank Connelly at

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