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Old 08-20-2011, 10:57 AM   #1
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* UBS move follows Weber's shock Bundesbank resignation
* His nomination robs UBS rival Deutsche of CEO candidate
* No stranger to controversy, he brings regulatory insight
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The former Bundesbank chief's nomination to become chairmanof Swiss bank UBS is the second time this yearhe has shocked the global financial community after abruptlypulling out of the race to become European Central Bankpresident in February.
Weber's worry about taking the ECB helm was always that theeuro zone was heading in the wrong direction. Now he has chosento step outside the currency bloc and into the sanctity ofSwitzerland as chairman of Europe's largest wealth manager.
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Weber has never been afraid to ruffle feathers.
As Bundesbank chief, he clashed with Nicolas Sarkozy whenthe French
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Old 08-20-2011, 10:59 AM   #2
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