CEO Ralph Hamers and head of wealth management Iqbal Khan have come to symbolise divergent paths for the Swiss bank. The dynamic playing out at the top has created fissures.
The collapse of the Wealthfront acquisition suggests a CEO who hasn't fully established himself as leader and has yet to make his digital-banking push clear.
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Investegate announcements from UBS AG, UBS: 2Q22 net profit of USD 2.1bn, 18.9% return on CET1 capital (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)