S&P reaffirms Arab Banking Corporation’s ratings

S&P reaffirms Arab Banking Corporation’s ratings
Manama, Bahrain: Arab Banking Corporation announces that Standard & Poor’s (S&P), the international rating agency, has reaffirmed its counterparty credit ratings at BBB+/Stable/A-2. S&P said that the ratings reflect the group’s strong wholesale customer franchise in the Arab world, high support from principal shareholders, good loan quality, and reduced […]

UBS names Alex Wilmot-Sitwell and Carsten Kengeter as co-CEOs of its Investment Bank

UBS names Alex Wilmot-Sitwell and Carsten Kengeter as co-CEOs of its Investment Bank
Jerker Johansson, CEO UBS Investment Bank, has resigned from UBS with immediate effect.
UBS today announced the appointment of Alex Wilmot-Sitwell and Carsten Kengeter as co-CEOs of its Investment Bank effective immediately.
Alex Wilmot-Sitwell joined the firm in 1996 and is a member of the […]

UBS’s position in regard to the “Frontal21″ TV program (German television ZDF on 21.04.09)

UBS’s position in regard to the “Frontal21″ TV program (German television ZDF on 21.04.09)
UBS takes the following position in regard to the “Frontal21″ TV program (ZDF on 21.04.09) and the speculation it contained:
The so-called “confidential internal memo”, that was supposedly sent to a UBS vice chairman and shown on the program, is a counterfeit. The […]

Annual General Meeting of UBS AG

Annual General Meeting of UBS AG
UBS AG shareholders elected Kaspar Villiger, Michel Demaré, Ann F. Godbehere and Axel P. Lehmann to the Board of Directors at the Annual General Meeting (AGM) on 15 April 2009. Effective immediately, Kaspar Villiger is the Chairman of the Board of Directors. Peter R. Voser, David Sidwell, Sally Bott, Rainer-Marc […]

UBS AGM: pre-announcement of key elements of the first-quarter results, further cost-saving measures and strategy

UBS AGM: pre-announcement of key elements of the first-quarter results, further cost-saving measures and strategy
The speech by Oswald J. Grübel, Group CEO, at today’s annual general meeting (AGM) in Zurich contains the following key messages and financial information:
*
UBS estimates that it will report a loss […]

UBS names Ulrich Körner as Group COO and CEO of Corporate Center

UBS names Ulrich Körner as Group COO and CEO of Corporate Center
UBS will integrate its group-wide infrastructure and service functions (IT, Human Resources, Procurement, Real Estate and Facility Management) into Corporate Center and will centralize the management of its control functions (Finance, Risk, Legal and Compliance).
Ulrich Körner has been appointed Group Chief Operating Officer and […]

UBS Wealth Management Research Study: “UBS research focus”

UBS Wealth Management Research Study: “UBS research focus”
The financial crisis and its aftermath
In its latest UBS research focus report, UBS Wealth Management Research concludes that the global economy will grow at a slower pace than it has over the past few decades and that inflation expectations will likely increase. Given this more austere outlook, corporate […]

Bupa response to ABI figures showing that more people have private medical insurance cover

Bupa response to ABI figures showing that more people have private medical insurance cover
Fiona Harris, director of Bupa UK Health Insurance, said: ‘The latest ABI figures reflect our own experience - growth in the number of people with PMI cover for the second year running, despite the current economic downturn.’
Whilst the NHS has recently met […]

Bupa Individual Protection appoints technical specialist

Bupa Individual Protection appoints technical specialist
Bupa Individual Protection is delighted to announce the appointment of Kevin Russ as Technical Services Consultant.
Kevin joins the product development team at Bupa Individual Protection from Vertex Financial services where he has been working with a range of product providers on both life and pensions technical issues.
Steve Casey, Bupa Individual […]

Online support drives Britons to improve their health

Online support drives Britons to improve their health
As the number of people with obesity rises Britons are turning to the web for help in making positive changes to their health, reports Bupa, the health and care company.
Since its launch in January, over 200,000 people have visited Bupa’s free online health check website, equating to one […]