Kengeter

"Hence, Chairman Kaspar Villiger and Carsten Kengeter , who leads the investment bank, need to be replaced, as they aren't the right people for the tasks ahead."

UBS Shareholders Push for Deeper Changes Goran Mijuk 2011

Representatives for Mr. Kengeter said he declined to comment, and UBS declined to comment on his behalf.

Latest UBS Crisis Taints Turnaround Dana Cimilluca 2011

The board, meeting in Singapore, may also discuss whether to demand the resignations of Chief Executive Officer Oswald Grübel , as well as Carsten Kengeter, chief of its investment bank, according to a person familiar with the situation.

UBS Trader Faces New Charge Deborah Ball 2011

While Mr. Kengeter, a former Goldman Sachs partner, has earned plaudits for helping the investment bank to recover from the 34.3 billion Swiss francs $38.1 billion in losses it recorded in 2008, he has caused friction within the bank over pay and other matters, say people familiar with the situation.

UBS Trader Faces New Charge Deborah Ball 2011

Another potential successor to Mr. Kengeter is Alex Wilmot-Sitwell , co-CEO of UBS's Asia-Pacific operations.

UBS Trader Faces New Charge Deborah Ball 2011

Mr. Wilmot-Sitwell previously was co-head with Mr. Kengeter of the investment bank and is a veteran British banker.

UBS Trader Faces New Charge Deborah Ball 2011

In a memo to staff earlier this week, Mr. Kengeter struck a combative tone, urging staff to "unite in our determination to move forward forcefully and decisively."

UBS Trader Faces New Charge Deborah Ball 2011

Some analysts expect Mr. Kengeter to step down, to be succeeded by Sergio Ermotti , UBS's new head for Europe and a former senior banker at Merrill Lynch.

UBS Trader Faces New Charge Deborah Ball 2011

The spotlight is also on 44-year-old Mr. Kengeter.

UBS Trader Faces New Charge Deborah Ball 2011

Mr. Kengeter didn't immediately respond to a request for comment.

UBS Trader Faces New Charge Deborah Ball 2011