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18 articles
UBS confirms that an “internationally active technology company” would take roughly 9,500 square metres in the building.
UBS has repeatedly emphasised global growth and integration since acquiring Credit Suisse, while its Swiss workforce has continued to shrink.
UBS’s board had originally planned for Ermotti to hand over leadership at the end of this year, but that transition has not happened.
Puneet Vyas, a UBS veteran based out of Pune India, will lead the global operational IT structure following the exits of former technology head Mike Dargan and infrastructure chief Paul McEwan.
The bank's costly senior private bankers over 50, who manage client books worth CHF 1 billion to 2 billion, are particularly at risk apparently.
Could UBS separate its Swiss businesses from its international operations?
McEwen leaving the bank was already a news running in the Swiss circuits.
The Geneva SVP politician is among several possible successors to the departing federal councillor. Her banking career has drawn attention, but there is no evidence that UBS is backing her candidacy.
Is Paul McEwen leaving the bank as technology operations goes under Beatriz Martin’s leadership? UBS has not publicly confirmed the reason for his departure.
Is UBS Senior Leadership Again Considering Options For Leaving Swiss Jurisdiction?
Zurich and Tokyo are the only markets in the highest risk category.
Ermotti’s campaign fails to shift vote as UBS suffers a clear setback.
For the UBS staff whose data was exposed, the incident compounds an already difficult situation.
The bank recently announced plans to create around 3,000 new IT jobs in Hyderabad, India, as it expands its technology footprint there.
Notably, Bitcoin saw quite a rally in the last five days, from $65k all the way to $79k.
Is the bigger risk that regulators now see UBS as a repeat offender that had years to fix the problem and did not?
A total of 156 apartments owned by Zurich Insurance and 59 owned by a UBS real estate fund are affected, with tenants told they must vacate by 2027–2028.
UBS has operated a major service hub in Krakow since the early 2010s, initially moving HR, IT and other support functions from Zurich to the Polish city.
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