Ex-UBS CEO Joins Private Equity Firm

Jul 22 2009 | 12:57pm ET

Patriotism may be the last refuge of scoundrels, but is the alternative investments industry becoming the last refuge for discarded banking executives?

Marcel Rohner, last seen in February leaving UBS following an $18 billion loss on his watch, has resurfaced at private equity firm Exigen Capital, Forbes reports. He joins Richard Fuld, who presided over the death of Lehman Brothers, and ex-Wachovia CEO Ken Thompson in the alts. business. Fuld now works at hedge fund Matrix Advisors while Thompson recently joined p.e. shop Aquiline Capital Partners.

He may soon have even more company: Former Merrill Lynch CEO Stanley O’Neal was reportedly in talks about joining alternative investments firm Vision Capital Advisors, while former Morgan Stanley co-president Zoe Cruz reportedly wants to join a hedge fund or found her own.

Rohner will serve on Exigen’s advisory board.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of