Skip to content
Subscriber Only

UBS's Andrea Orcel Says Eradicating Misconduct Is a Top Priority

  • Investment bank CEO says staff must know it’s taken seriously
  • Orcel makes comments in an interview with Bloomberg Television
Video player cover image
Orcel discusses UBS’s steps to deal with misconduct.Source: Bloomberg

UBS Group AG investment bank chief Andrea Orcel said eradicating misconduct and improving how such issues are dealt with is a top priority, after the unit was hit by an allegation of rape.

“For me, it’s absolutely critical and one of the most important things I want to achieve,” Orcel said in an interview on Bloomberg Television on Wednesday. “There shouldn’t be the complacency of saying ‘we are fine,’ but we should strive to improve what we do and ensure our employees are aware we take it seriously.”