Sept. 30 (Bloomberg) -- UBS AG, 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 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 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
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