Körner: Körner office

Oswald Grübel has wasted no time in stamping his mark on UBS. The Swiss bank’s new chief executive has hired a former underling from his previous employer, Credit Suisse, to be chief operating officer. Ulrich Körner’s ambitions may well be for higher office. Körner used to run Credit Suisse’s business in Switzerland. He left not long after losing out in the contest to succeed Grübel as chief executive in 2007. Now UBS’s need for fresh management has given both Grübel and Körner a new lease of li...