Wednesday, 6 May 2015
Last updated 6 hours ago
Apr 1 2014 | 10:34am ET
The former Man Group executive Rainer-Marc Frey will leave UBS’ board next month, the bank said.
Frey has served as a director at UBS since 2008, joining after the bank accepted a bailout from the Swiss government. He will not run for re-election at UBS’ May 7 annual meeting, citing other commitments.
Frey, who founded fund of hedge funds RMF Investment Management before selling it to Man and spending three years with that company, runs alternative investments firm Horizon21. And he now co-owns British conglomerate Lonrho, which he and Swiss billionaire Thomas Schmidheiny took private last year.
UBS did not say whether Frey’s seat would be filled; under the bank’s statutes, it does not have to be.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…