Peter Wuffli


Peter A. Wuffli is a Swiss businessman who was appointed president and chief executive officer of UBS AG in December 2001 after serving as the chief executive of UBS Asset Management and the company's chief financial officer.

Career

From 1994 to 1998, he was the chief financial officer at SBC and a member of SBC's group executive board in Basel. There he met Marcel Ospel, and together they rose to top positions with the new UBS AG after the 1998 merger.
In 1984, he joined McKinsey & Co as management consultant and in 1990 became a partner of McKinsey Switzerland's senior management. He started his professional life, while studying at University of St. Gallen, writing about economics for the Neue Zürcher Zeitung.
He is a Swiss citizen and a graduate of the University of St. Gallen and has also attended the Advanced Management Program at Wharton School of the University of Pennsylvania. He and his wife Susanna have three children. His hobby is opera.
His father Heinz R. Wuffli was general director of Credit Suisse from 1967 to 1977, when he resigned as a consequence of the Chiasso affair.
Wuffli left as a CEO UBS AG on 6 July 2007. He has renounced about $10 million in payments.

Other engagements

In December 2006 Wuffli and his wife founded The Elea Foundation for Ethics in Globalization.
He is Chairman of the Board of Partners Group Holding, a Board member of the Zurich Opera House, member of the Executive Committee and Chairman of the Board of IMD International Institute for Management Development in Lausanne.
He was president of the Friends of the FDP association , founded 2004 to support the Swiss FDP political party, which he has been a member of since his youth.

Quotes

He announced that executive salaries at UBS AG were rising, on average, by 21 percent.
–after UBS AG was fined on May 10, 2004, $100 million by the U.S. Federal Reserve for illegally transferring dollars from a Fed deposit – an account set up by the Fed in a commercial bank – at UBS AG to Iran, Cuba and other countries under a U.S. trade embargo.
–in an interview with the weekly SonntagsZeitung, 2004
–in an interview with the weekly Weltwoche 16/03
–in an interview with Swissinfo November 7, 2002
–in an interview with Swissinfo, November 7, 2002
–in an interview with Swissinfo, November 7, 2002