A politician, an economist, and a mathematician are among the select group of power players who will determine the future of what was once Switzerland’s pre-eminent financial institution.this weekend that are likely to end in the breakup of the 166-year-old bank. Longtime rival UBS Group is in negotiations with regulators about which parts of the firm it may acquire.
Karin Keller-Sutter, 59, has been Switzerland’s finance minister for less than three months. A member of the country’s pro-business liberals, she has been part of the seven-member government since 2019 and active in politics for 30 years. Before being elected to the government, she was on the board of insurer Baloise Holding and president of the Swiss Retail Federation.
UBS Group CEO Ralph Hamers, 56, cuts a somewhat unusual figure among top executives at Swiss banks, with his preference for open-necked shirts and business buzzwords. His arrival at UBS from Dutch lender ING Groep in 2020 was clouded by a legal battle over his role in a money laundering scandal.
Hillary Clinton?
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