Marcel Ospel
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Marcel Louis Ospel (born February 8, 1950 in Basel) is the outgoing Chairman of the Board of Directors of UBS AG, the largest bank in Switzerland.
Marcel Ospel had an income in 2005 of around 24 million CHF.
After the company reported 19 billion U.S. dollar write-downs, Mr. Ospel decided to withdraw his candidacy for re-election to the Board at the Annual General Meeting on 23 April 2008.*[1]
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[edit] Timeline
- 2001 to 2008: Chairman of the Board of Directors, UBS AG
- 1999 to 2001: Group Chief Executive Officer, UBS AG
- 1996 to 1998: President and Group Chief Executive Officer of Swiss Bank Corporation (SBC)
- 1995 to 1996: CEO of SBC Warburg
- 1990 to 1995: Member of the Executive Board of SBC
- 1987 to 1990: In charge of Securities Trading and Sales at SBC
- 1984 to 1987: Managing Director with Merrill Lynch Capital Markets
- 1980 to 1984: SBC London and New York in the Capital Markets division
- 1977 to 1980: Swiss Bank Corporation in the Central Planning and Marketing Division
[edit] Recognition
- 2003 marketing prize of Gesellschaft für Marketing for UBS world-wide single-brand strategy.
[edit] Criticisms
In 2001, he was criticized for evading requests to extend Swissair's line of credit, leading some people to believe that the dramatic grounding of Swissair planes on October 2 was Ospel's responsibility. These theories were later abandoned by informations and details revealed in the media, and by the Swissair trial, held in 2007.
[edit] References
- Nolmans, Erik (Nov. 14, 2005). "UBS Fastens its Seatbelts". FORTUNE, p. 20.
