|Oswald J. Grübel|
|Born||November 23, 1943|
|Occupation||Group Former Chief Executive Officer of UBS AG|
||This section of a biography of a living person does not include any references or sources. (September 2011)|
He was CEO of Credit Suisse Financial Services from 2002 to 2004 and was Co-CEO of Credit Suisse Group (with John J. Mack) from 2003 until 2004. Mr. Grübel was a member of the Credit Suisse Group Executive Board between 1997 and 2001 and again from 2002 to 2007. He became the sole CEO with the ousting of John Mack in 2004.
As chairman of the CEO position at UBS he made a promise that he will lead the bank back to the profit zone of 15 billion USDS in 2014. 
Grübel did not attend university, but took an apprenticeship in banking and securities trading at Deutsche Bank in Mannheim and Frankfurt. In the late 60s, he attended the International Institute for Management Development in Lausanne, an executive education institution for leaders.
Resignation from UBS group
On 24 September 2011, the UBS board announced that Oswald Gruebel had resigned. Earlier he had been under pressure having assumed the full responsibility for the USD 2.3 billion loss resulting from a trading fraud. Several local newspaper brought up that he might have left due to the pressure of the main stakeholders. 
John J. Mack
|CEO of Credit Suisse
|Group CEO of UBS AG