RMF, Horizon21 Founder Frey To Quit UBS Board

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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...