Difference between revisions of "Peter Wuffli"

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|description=[[WEF/Global Leaders for Tomorrow/1994]]. CEO of the Swiss bank [[UBS]] 2001-2007.
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|parents= Heinz Wuffli
 
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'''Peter A. Wuffli''' is a Swiss businessman who was appointed president and chief executive officer of the bank [[UBS|UBS AG]] in December [[2001]] after serving as the chief executive of UBS Asset Management and the company's chief financial officer.<ref>http://www.nndb.com/people/310/000164815/ </ref>
  
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He was selected a [[WEF/Global Leaders for Tomorrow/1994|Global Leader for Tomorrow]] by the [[World Economic Forum]] in 1994.
  
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==Education and personal life==
  
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He is a Swiss citizen and graduated from the University of St. Gallen in 1981 and earned a doctorate in 1984.<ref name=":0">https://magazine.wharton.upenn.edu/issues/anniversary-issue/an-understated-integrator-for-ubs-ag-peter-a-wuffli-amp-99/</ref> He also attended the Advanced Management Program at [[Wharton School]] of the [[University of Pennsylvania]] and graduated in 1999.<ref name=":0" /> He and his wife Susanna have three children.
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His father Heinz R. Wuffli was general director of [[Credit Suisse]] from 1967 to 1977, when he resigned as a consequence of the [[Chiasso]] affair.<ref>https://www.ubs.com/global/en/about_ubs/about_us/history.html</ref>
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== Career ==
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In 1984, he joined [[McKinsey & Co]] as management consultant and in 1990 became a partner of McKinsey Switzerland's senior management.<ref name=":0" />
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From 1994 to 1998, he was the [[chief financial officer]] at [[Swiss Bank Corporation|SBC]] and a member of SBC's group executive board in [[Basel]].<ref name=":0" /> After the 1998 merger of SBC and [[UBS AG]], Wufflii was appointed president of the Group Executive Board in 2001 and became CEO in 2003.<ref name=":0" />
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Wuffli left as a CEO [[UBS AG]] on 6 July [[2007]].<ref>https://dealbook.nytimes.com/2008/11/10/former-ubs-chief-to-forego-10-million-in-exit-pay</ref> Management errors were mentioned as the reason, in particular the bankruptcy of the UBS hedge fund [[Dillon Read]].<ref>http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Die-wahren-Gruende-fuer-Peter-Wufflis-Abgang-bei-der-UBS/story/12218472</ref>  He renounced about $10 million in payments.
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== Other engagements ==
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In December 2006, Wuffli and his wife founded The Elea Foundation for Ethics in Globalization.<ref>http://www.elea-foundation.ch/en/media/releases</ref>
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He is Chairman of the Board of [[Partners Group|Partners Group Holding]], a Board member of the [[Zurich Opera House]],<ref>http://www.opernhaus.ch/e/opernhaus/organisation/vr.php</ref> member of the Executive Committee and Chairman of the Board of IMD [[International Institute for Management Development]] in Lausanne.
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He was president of the Friends of the [[Freisinnig-Demokratische Partei|FDP]] ''(Freunde der FDP)'' association, founded 2004 to support the Swiss [[Freisinnig-Demokratische Partei|FDP]] political party.<ref>http://www.fdp.ch/page/content/index.asp?Menu=2&Item=1.5.6.9&ID=24016&ConID=24016&View}</ref>
  
 
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==References==
 
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Latest revision as of 05:37, 11 February 2022

Person.png Peter Wuffli  Rdf-entity.pngRdf-icon.png
(businessman)
Wuffli III.JPG
Born26. October 1957
26 October 1957)
Died26 October 1957) (Age 0)
NationalitySwiss
Alma materUniversity of St. Gallen, Wharton School of the University of Pennsylvania
ParentsHeinz Wuffli
Member ofWEF/Global Leaders for Tomorrow/1994
InterestsMcKinsey & Co
WEF/Global Leaders for Tomorrow/1994. CEO of the Swiss bank UBS 2001-2007.

Employment.png UBS/CEO

In office
December 2001 - 6 July 2007

Peter A. Wuffli is a Swiss businessman who was appointed president and chief executive officer of the bank UBS AG in December 2001 after serving as the chief executive of UBS Asset Management and the company's chief financial officer.[1]

He was selected a Global Leader for Tomorrow by the World Economic Forum in 1994.

Education and personal life

He is a Swiss citizen and graduated from the University of St. Gallen in 1981 and earned a doctorate in 1984.[2] He also attended the Advanced Management Program at Wharton School of the University of Pennsylvania and graduated in 1999.[2] He and his wife Susanna have three children.

His father Heinz R. Wuffli was general director of Credit Suisse from 1967 to 1977, when he resigned as a consequence of the Chiasso affair.[3]

Career

In 1984, he joined McKinsey & Co as management consultant and in 1990 became a partner of McKinsey Switzerland's senior management.[2]

From 1994 to 1998, he was the chief financial officer at SBC and a member of SBC's group executive board in Basel.[2] After the 1998 merger of SBC and UBS AG, Wufflii was appointed president of the Group Executive Board in 2001 and became CEO in 2003.[2]

Wuffli left as a CEO UBS AG on 6 July 2007.[4] Management errors were mentioned as the reason, in particular the bankruptcy of the UBS hedge fund Dillon Read.[5] He renounced about $10 million in payments.

Other engagements

In December 2006, Wuffli and his wife founded The Elea Foundation for Ethics in Globalization.[6]

He is Chairman of the Board of Partners Group Holding, a Board member of the Zurich Opera House,[7] member of the Executive Committee and Chairman of the Board of IMD International Institute for Management Development in Lausanne.

He was president of the Friends of the FDP (Freunde der FDP) association, founded 2004 to support the Swiss FDP political party.[8]


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References

  1. ↑ http://www.nndb.com/people/310/000164815/
  2. ↑ a b c d e https://magazine.wharton.upenn.edu/issues/anniversary-issue/an-understated-integrator-for-ubs-ag-peter-a-wuffli-amp-99/
  3. ↑ https://www.ubs.com/global/en/about_ubs/about_us/history.html
  4. ↑ https://dealbook.nytimes.com/2008/11/10/former-ubs-chief-to-forego-10-million-in-exit-pay
  5. ↑ http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Die-wahren-Gruende-fuer-Peter-Wufflis-Abgang-bei-der-UBS/story/12218472
  6. ↑ http://www.elea-foundation.ch/en/media/releases
  7. ↑ http://www.opernhaus.ch/e/opernhaus/organisation/vr.php
  8. ↑ http://www.fdp.ch/page/content/index.asp?Menu=2&Item=1.5.6.9&ID=24016&ConID=24016&View}
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