UBS Shakes Up Management, Names Group CRO
UBS Group Americas CEO Philip Lofts has resumed his former role as group chief risk officer (CRO) in a management shakeup at the bank. He was previously group CRO, from November 2008 to December 2010, before becoming CEO of UBS Group Americas in January of this year. Current group CRO Maureen Miskovic is leaving UBS.
The move comes months after illicit trades made by UBS employee Kweku Adoboli cost the bank $2.3 billion.
Robert McCann takes over for Lofts as CEO of UBS Group Americas and will
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