Marcel Ospel
Louis Marcel Ospel ( born February 8, 1950 in Basel ) is a former Swiss Bank Manager and former Chairman of UBS.
Life
Ospel grew up in Klein Basel and completed a commercial apprenticeship and the Higher Economic and Business Administration (SEBA ) in Basel. He began his career 27 years old at the bank, he has remained true until 2008, the former Swiss Bank Corporation (SBC ). There he worked until 1980 in the Central Division, " Planning and Marketing ." He then moved for four years abroad and worked for the SBV in London and New York in the " Capital Markets ." For three years, he then took a side trip to Merrill Lynch before he responsible for the securities trading recorded 1987-1990 at SBC in Zurich. In 1990, he was inducted into the Board, from 1995, he led SBC Warburg. From 1996 to 1998 he was President and CEO of SBC, after the merger to a major bank with Union Bank of Switzerland (UBS ), he was President of the Group Executive Board of UBS.
Chairman of UBS
In April 2001 he was elected Chairman of UBS. A few months later, in the fall ospel came with his bank after the grounding of Swissair in the crossfire of criticism.
In 2005 Ospel received an Honorary Doctorate from the University of Rochester, United States. The award was given to him because of its strategic achievements in the positioning of UBS as a global bank.
Ospel is responsible for the billions in losses of UBS on the U.S. market in 2007 and 2008, as appears from a report by the Swiss Federal Banking Commission. In financial circles and among the public, the call for his resignation was loud in the spring of 2008. Following the announcement of a new massive depreciation requirement of CHF 19 billion on 1 April 2008 for UBS become intolerable, he resigned at the AGM of 23 April 2008 on the candidacy for re-election as Chairman. How "Financial market crisis and financial market supervision " by the Swiss Financial Market Supervisory Authority ( FINMA ) was announced at the publication of the report on 14 September 2009 was the resignation of Ospel on the then General Assembly meeting on the initiative of the Swiss Federal Banking Commission ( SFBC).
Since then Ospel is retired.
Private
Since 2006 Ospel is in his third marriage with Adriana Bodmer, daughter of one of the oldest families in Zurich and received his doctorate in economics, married. With her he has twins (* 2009). First- and second marriage Ospel has two more children. His fortune was estimated in 2012 by the Swiss business magazine balance to 150 million Swiss francs. He lives in Wollerau in the canton of Schwyz.
Politically Ospel as SVP close. According to an article of the Tages-Anzeiger is Ospel member of the party. He is a passionate drummer Fasnacht in Basel.