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former UBS North America CEO settles for 4.9 million FBAR judgment
The former North American CEO of UBS has agreed to a $4.9 million judgment to resolve allegations of failing to file timely or accurate foreign bank account reports. This settlement concludes claims related to his financial reporting responsibilities.
Kristine Schulze Elected to Zürcher Kantonalbank Bank Council as Sustainability Expert
Kristine Schulze has been elected to the Bank Council of Zürcher Kantonalbank, replacing Henrich Kisker, who is stepping down due to age-related term limits. A sustainability specialist with over 30 years in the financial sector, Schulze's experience is seen as a valuable addition to the council.
Aaron Keller appointed CEO of Novastone Partners to lead private equity growth
Aaron Keller has been appointed CEO of Novastone Partners, an investment advisor in Zurich specializing in private equity and search funds. With over 20 years of finance experience, he will guide the strategic direction of the firm, focusing on acquiring and developing SMEs facing succession challenges. The company collaborates closely with Novastone Capital Advisors, enhancing trust among investors and stakeholders.
Patrick O Müller Elected New Chairman of Zurich Bankers Association
Patrick O. Müller has been unanimously elected as the new Chairman of the Zurich Banking Association, succeeding Daniel Hunziker. Müller, a 46-year-old Regional Director at UBS with 18 years of experience, aims to represent the financial sector in Zurich with commitment and responsibility. Hunziker, who led the Association from 2019 to 2024, will be honored for his contributions at the 2024 General Meeting.