Friday, 24 October 2014
Last updated 7 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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