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Markus Rohrbasser, the former head of UBS North America, has been ordered to pay over $4.9 million to the IRS for failing to report his Swiss bank accounts from 2003 to 2013. A US District Court in Connecticut imposed penalties and interest after he concealed these accounts during his tenure at UBS and later at Zurich Insurance Group, where he was involved in significant acquisitions. Rohrbasser, who led UBS's investment banking expansion in the 1990s, is currently active on several boards of directors.
Markus Rohrbasser
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former UBS executive fined for failing to report bank accounts
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Zurich Insurance Group AG
British American Tobacco p.l.c.
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USA
Markus Rohrbasser
Beat Schmid
08:37 25.03.2025
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