When Oswald Grübel arrived at UBS as chief executive in 2009, he took over a bank that was desperately seeking to turn around its fortunes.

The Swiss bank had been badly burned by bets on US mortgage-backed securities and it looked to Grübel - with his strong track record at rival Credit Suisse - to steady the ship. Swiss politician Kaspar Villiger was also drafted in as the new chairman.

Grübel has steadied the ship at UBS, but it remains a job half-finished

Sebastian Walsh

Goldman Sachs

Credit Suisse

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