Marcel Ospel had an income in 2005 of around 24 million CHF.
After the company reported 19 billion U.S. dollar write-downs, Mr. Ospel was forced to withdraw his candidacy for re-election to the Board at the Annual General Meeting on 23 April 2008. It has been suggested that Ospel should be prosecuted for criminal negligence and gross mismanagement of UBS*
- 1977-1980 Swiss Bank Corporation in the Central Planning and Marketing Division
- 1980-1984 SBC London and New York in the Capital Markets division
- 1984-1987 Managing Director with Merrill Lynch Capital Markets
- 1987-1990 In charge of Securities Trading and Sales at SBC
- 1990-1995 Member of the Executive Board of SBC
- 1995-1996 CEO of SBC Warburg
- 1996-1998 President and Group Chief Executive Officer of Swiss Bank Corporation (SBC)
- 1999-2001 Group Chief Executive Officer, UBS AG
- 2001-2008 Chairman of the Board of Directors, UBS AG
- 2003 marketing prize of Gesellschaft für Marketing for UBS world-wide single-brand strategy.
In 2001, he was criticized for evading requests to extend Swissair's line of credit, leading some people to believe that the dramatic grounding of Swissair planes on October 2 was Ospel's responsibility. These theories were later countered by information and details revealed in the media, and by the Swissair trial, held in 2007, which seemed to indicate otherwise.
- Nolmans, Erik (Nov. 14, 2005). "UBS Fastens its Seatbelts". FORTUNE, p. 20.
|Group CEO of UBS AG
1999 - 2001