Voser to help out at UBS
Shell FD parachuted in to help out with strategy as under-fire investment bank tries to reassure investors
UBS have turned to Peter Voser as part of moves to tighten up their strategy
after the battering the company has taken from sub-prime writedowns.
FD will be lending his financial expertise to UBS later this year as the
company try to hammer out a new working policy.
UBS has written down more than $37bn (£18.7bn) to date but still holds
sizeable risky assets on its books. ‘Today our problem positions are only about
a third of what they were at the end of September 2007,’ CEO Marcel Rohner told
the Wall St Journal.