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  • A spokesman for Olivant, which is led by U.K. banker Luqman Arnold, said the investment firm isn't ruling out returning with a proposal if it becomes "commercially viable" to do so.

    Olivant Keeps Door Open

  • Olivant, which is led by former UBS President Luqman Arnold, called on UBS to name an independent Swiss executive to replace outgoing UBS Chairman Marcel Ospel and for at least one board member to step down to make room for a new chairman.

    UBS Holder Raises More Noise

  • Amid UBS's woes, shareholders such as Olivant, which holds a 0.7% stake, have called for a strong leader with banking experience to lead the company.

    Kurer Foes Confront UBS

  • With Lehman in bankruptcy Olivant may never recover the assets.

    His Empire in Tatters,

  • Olivant began accumulating a 2.8% stake in UBS and leading a revolt to turn around the Swiss banking giant.

    His Empire in Tatters,

  • Olivant also said it has lifted its stake in the Swiss bank to 1.1%, which translates to nearly $777.2 million at current market prices.

    Olivant, UBS Board Members Meet

  • While shareholders are expected to vet the cap hike, UBS's choice of Peter Kurer as successor to longstanding chairman Marcel Ospel has faced intense criticism from Olivant and other shareholders.

    Olivant, UBS Board Members Meet

  • Olivant late Monday said it decided not to submit a final proposal for Northern Rock because it couldn't align the interests of the government and Northern Rock stakeholders against its own investment criteria.

    Olivant Keeps Door Open

  • No Olivant Bid Olivant said it decided not to bid -- even after laying out a proposed bid to buy the bank in November -- because it couldn't come up with an offer that met its investment criteria while also meeting the government's required financing terms.

    Edge for Northern Rock

  • The surprise decision by Olivant, led by veteran British banker Luqman Arnold, leaves Virgin and a bid from Northern Rock management the only two remaining options for a private sale of the bank as of yesterday's deadline for bids in the protracted auction.

    Edge for Northern Rock


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