Aus dem Wallstreet Journal vom 13. Februar 2013: Top UBS executive Carsten Kengeter, who oversaw a period of instability and big losses at the firm's investment bank, is set to resign, people familiar with the matter said late yesterday.
Kengeter's departure marks the latest bout of turmoil at the troubled Swiss company, which has been rocked by a long string of setbacks and scandals in recent years. He is the head of UBS's non-core division, which manages the billions of dollars of assets the bank is looking to shed as part of a restructuring.
Until last autumn, however, he oversaw UBS investment bank, which suffered a number of severe blows under his watch. In 2011, a so-called rogue trader on a UBS equities trading desk in London racked up $2.3bn in losses. That scandal ultimately led to the departure of UBS's then-chief executive, Oswald Gruebel. UBS announced the departure of Kengeter, 45 years old, in an internal memo yesterday evening that was reviewed by the Wall Street Journal.
In 2009, Kengeter was named to head the investment bank, alongside a colleague, before eventually taking sole responsibility.