Abouhossein said there was now further potential for Rohner to cut costs and make that division more profitable.

FORBES: Battered UBS Looks Like A Bargain

Rohner has been deputy chief executive of the group since January 2006.

FORBES: UBS' New Man At The Top

Rohner claims that Augusta told him Medicare would cover the patients' bills, so it was as if the government guaranteed the bonds.

FORBES: Magazine Article

"I had complete trust in him, " says Rohner of broker Augusta.

FORBES: Magazine Article

Until his appointment to the top job, Rohner, who has a PhD in economics from the University of Zurich, was the head of the bank's Global Wealth Management and Business Banking division.

FORBES: UBS' New Man At The Top

The appointment of MarcelRohnerMarcel Rohner as UBS chief executive to replace the ousted PeterWuffliPeter Wuffli signals a change of focus at the Swiss bank, toward wealth management and away from its riskier investment banking division.

FORBES: Magazine Article

Marcel Rohner was named as his replacement.

FORBES: Street Quakes As Another Chief Falls

Ostensibly, that is why Mr Wuffli was replaced by Marcel Rohner, the new boss, though it is not clear whether the 42-year-old former private banker and risk manager has the hard edge to cut it in investment banking.

ECONOMIST: UBS falls from grace

With new management holding the reins -- the bank's chief executive was replaced by MarcelRohnerMarcel Rohner in July , who also took over the investment-banking division Monday from Huw Jenkins -- UBS had a "clean sheet" to work with.

FORBES: Magazine Article

With new management holding the reins -- the bank's chief executive was replaced by Marcel Rohner in July , who also took over the investment-banking division Monday from Huw Jenkins -- UBS had a "clean sheet" to work with.

FORBES: Battered UBS Looks Like A Bargain