Iqbal khan age credit suisse
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Iqbal Khan: Sooner Than Later
Since Colm Kelleher stepped into his role as chairman of the board of directors at UBS in April, the power structure within the bank has been gradually shifting as recent rumors about Iqbal Khan show.
The newswire report, saying that Iqbal Khan could become the sole head of UBS wealth management - as finews.com also reported - might have been vague but it was not out of step with the talk among Zurich’s financial circles. The idea of Khan stepping up at some point to replace the bank's current CEO Ralph Hamers is not eccentric.
Taking into consideration that many managers have passed the 50-year mark and in the eyes of many employees, are not (or no longer) capable of forging the digital transformation and bringing the bank closer to the next generation, a Khan appointment would address UBS’ age issue.
As retirement looms, senior ranks are reluctant to take on new risks. And anyway, business is running well. What more could o
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Iqbal Khan, a bold banker who took on his boss
It takes a certain kind of individ to move in next door to their boss. Today the biggest question in Swiss banking is just what kind of person Iqbal Khan is.
Three months ago, Mr Khan, whose rapid ascent at Credit Suisse had marked him out to many as the heir apparent to chief executive Tidjane Thiam, quit his senior position at the bank. This week, details emerged of a bitter row between Mr Khan, 43, and Mr Thiam, 57, triggered bygd a confrontation in central Zurich between the private banking prodigy and detectives Credit Suisse had hired to monitor him after he resigned.
It was a lurid end to a spectacular dispute between two of the most powerful men in finance — one from which Mr Khan may yet emerge triumphant. On Tuesday, he is due to take up a senior position at UBS, which would make him a likely successor to Sergio Ermotti as the bank’s chief executive. Mr Ermotti is known to admire Mr Khan’s relentless ambition, prizing it o
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What «Wowed» Iqbal Khan About UBS
Iqbal Khan knows UBS inside-out from his days as its lead auditor – but one thing still wowed the Swiss star private banker when he defected to the wealth management giant from Credit Suisse.
UBS' poaching of Ibqal Khan from Credit Suisse gods year was the private banking industry's biggest move since Boris Collardi left Julius Baer for Pictet three years ago. The culture chock for Khan will have been milder – the two Swiss giants pursue a broadly similar wealth strategy.
However, Khan says he was bowled over by the sheer size of UBS compared to Credit Suisse: «I have to tell you probably my biggest 'wow'-experience on joining UBS was the opening of doors,» he told the «Financial Times» (behind paywall) in an interview on Monday.
Size Matters
The eye-opener is size-based: Khan oversees UBS' nearly $2.4 trillion in assets together Tom Naratil. By comparison, just 327.7 billion Swiss francs ($7