The decision to set up a new business unit specialised in meeting the needs of professionals in sports and culture is predicated on the unique characteristics of this group, whose earnings potential is restricted to a short period of time.
"It's a great hire. He is a relationship man, not a manager and (UBS's chief executive Sergio) Ermotti knows him well", said a top UBS banker in London.
Jain earned 9.77 million euros in 2011, when the lender missed its ambitious full-year profit targets, compared with 11.9 million a year earlier, Germany's flagship bank said in its annual report on Tuesday.
The Wealth Management (UK&I) Advisory Committee, chaired by Sir Nigel Rudd, is comprised of experienced leaders
Deutsche Bank handed its out-going chief executive Josef Ackermann a total pay package of €9.36m for his last full year in charge of the German bank, a period in which a contraction in investment banking banking meant his successor Anshu Jain took a
The report, entitled ‘Governance in Family Business’ identifies key challenges faced by family businesses, and suggests guiding principals that can help them improve the odds of longevity.