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Marcel Ospel, UBS Architect Undone in Finance Crisis, Dies

  • Ospel was driving force of merger that formed current-day UBS
  • Soured U.S. investments, tax probe damaged bank’s reputation
Marcel Ospel
Marcel OspelPhotographer: Adrian Moser/Bloomberg
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Marcel Ospel, the architect behind UBS Group AG’s creation and the Swiss wealth manager’s first chief executive officer, died on Sunday after a long illness. He was 70.

The former executive died after many years battling cancer, Swiss newspapers reported, citing his widow. “We are deeply saddened,” said UBS spokesman Mark Hengel.