What happened to the paradise?The CS needs emergency capital, it has to start completely again.And UBS, number 1, has a CEO that should end up in front of the criminal judge.
Then he has to go.Until then, he maintains the 72,000 employees (high -shot within a year by 3,000, so much too efficiency) with a fairy tale lesson.
Ralph Hamers is called the man.The world, at least Switzerland, gave the Dutch a lot of time for his big throw.Hamers has been at the Payroll of UBS since September 1, and since November 1st he has held the operational tax in his hand.
Now it will be May 1st, i.e. Hamers has been on board for 8 months.What did he do all the time, around 250 days?
The question arises when you take your yesterday's video for the 1st quarter of the quarter and the future of the world's largest asset manager.
What Hamers performs in the best 3 minutes is reminiscent of kindergarten.Fairy tale lesson with the UBS CEO, which for the period from September to December 2020, just 4 million in which he was a high-ranking apprentice, collected 4 million.
Hamers appears in front of the camera as a kind of Catwalk-Geck.The pants are fashionably short, the top two shirt buttons open, the breast hunt fits the jacket, the hair is slightly wavy and swing back with gel.
As good as Hamers looks as lively as he speaks, his words are so banal.The most important banker in Switzerland gives Plattitüden on how you could hardly imagine - with this salary, with this task, with this responsibility.
"Our vision: to form the ecosystem for systems and investments - in which innovations develop strength, come together people and ideas and be implemented opportunities."
Huh?If only a "vision" is, you can object.If you have visions, you have to go to the doctor anyway, is a bon mot.
One could dismiss this part of Hamer's idea as peanuts.But he stands for the entire video appearance of the UBS boss.Nothing gets stuck, nothing is concrete.
Where you really want to find out something, namely how the UBS has powdered almost 800 million in the Archegos scandal, Hamers just stays for 11 seconds.Everything is half as wild, it's just a short billion.
Nothing against videos, Hamers goes his own way.But the question arises more and more: What does the boss want to do with UBS, what is his plan?
The bank suffers from a gigantic cost block, it has a body called Group Managing Directors below the group management, which easily costs 150 million year after year without even bringing the slightest.
"Feudalism" made by UBS.In addition, there are 2,500 managing directors, many of which spend half of the day for securing their own power position.
This is reflected in the statement of success.Every franc that UBS occupies, 74 centers immediately go out of expenses.For a bank that essentially operates asset management, that's far too much.
How does Hamers want to trim UBS fit, what does he get with the water head, which paralyzes the whole group, how does the most important bank in the Confederation, actually take off the only remaining big bank, worldwide from the rest?
UBS has an asset management that earns good money but is much too small.Does Hamer's acquisitions want to do?
She has an investment bank that has just lost 800 million with a single customer.How does Hamers want to strengthen security?
In Switzerland, the UBS is considered top dog, but it earns far too little to ensure that it takes up such a position.How should the domestic business be dynamized under Hamers?
And where does UBS control with its global wealth management?Does she want to buy, plan to take over?We were talking about China yesterday.But there is also a concrete plan there, at least to the outside.
Hamers' strategic litter turns out to be a student lecture with nice words and airy foils.According to insiders, this is not just the mistake of the CEO.
The Board of Directors disaveded its CEO: No Big Bang, according to the decision from the top.
Instead, the IQBAL Khan board has strengthened its back, which is supposed to earn more with private banking.If that applies, the VR is already planning the future without Hamers.
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