City lawyers have jumped to the defence of Peter Kurer whose promotion from general counsel to chairman of troubled banking giant UBS last week drew extensive criticism from the press and banking community. Kurer has been accused by critics - including former UBS chief executive Luqman Arnold - of lacking the relevant experience to do the job. In a widely published letter Arnold explicitly criticises the appointment of a lawyer to replace former chairman Marcel Ospel.
April 10, 2008 at 01:45 AM
1 minute read
The original version of this story was published on Legalweek
City lawyers have jumped to the defence of Peter Kurer whose promotion from general counsel to chairman of troubled banking giant UBS last week drew extensive criticism from the press and banking community.
Kurer has been accused by critics – including former UBS chief executive Luqman Arnold – of lacking the relevant experience to do the job. In a widely published letter Arnold explicitly criticises the appointment of a lawyer to replace former chairman Marcel Ospel.
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