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After just a month, new CEO Ralph Hamers is trapped in a criminal case. The Board of Directors miscalculated the risks.
UBS has a big problem: Axel Weber, Chairman of the Board of Directors, will introduce new CEO Ralph Hamers on February 20, 2019.
Photo: Urs Jaudas
As the «Sunday newspaper» of the board of directorskhas experienced trips, is nervousness for that met this week Great criminal proceeding against CEO Ralph Hamers. It was known within the bank that there could be a new edition of a finished criminal case. But obviously one was nOld Testament assume it is solely against Hamers would judge personally. But that is exactly what has happened now. There is very likely an accusation.
In weighing the risks, they relied on the experience of a Dutchman.north Consultancy. They did not conduct the investigations on behalf of UBS, but on behalf of the headhunters of Egon Zehnder, dthey were very interested in the location of Hamers. The bank also relied on guarantees from regulators.
