UBS: After Wuffli, What?

The Swiss financial giant suddenly ousted its well-respected CEO, which could cause unease. But he's being replaced by powerful talent

Zurich-based financial giant UBS (UBS) has a disconcerting habit of dispensing with senior managers without warning. Luqman Arnold was shoved out as chief executive officer in December, 2001, and replaced by Peter Wuffli in circumstances shrouded with mystery. Now, Wuffli has lost out in a boardroom coup.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.