Page 2 - Ubs Bank

Nifty trades higher than expected; India's valuation gets 'less attractive'

The Nifty currently trades at 21.4x its estimated 12-month forward earnings

Swiss banking major UBS appoints Uday Odedra as new country head for India

Swiss banking major UBS on Monday announced the elevation of Uday Odedra as the country head of its India operations, which employ over 6,700 people. It has created a new post of chairman for India and made Harald Egger, who holds the post at present, as the chairman, as per an official statement. Odedra has been with the bank for two decades and was based in London before joining the founding team of the India operations in 2015, it said. It can be noted that a lot of banks and financial institutions of the world have their in-house global delivery centres in the country delivering work and handling processes here. UBS-Business Solution Centers employs over 6,700 people in Pune, Mumbai and Hyderabad, and provides services toUBSbusinesses globally, the bank's statement said. The UBS statement said Odedra played a central role in developingits digital and technology presence in India and he was also named head of technology for the Asia Pacific region in 2017. Egger will relocate

European banks face indigenous calls to end Amazon oil trade: Report

Fears over the impact of oil extraction in the Amazon were heightened in April when a pipeline ruptured, depriving 27,000 indigenous people of their main water source

UBS CEO Sergio Ermotti poised to get Swiss Re chairman role, says report

UBS last month named ING Chief Executive Ralph Hamers to succeed Ermotti as CEO of the world's largest wealth manager as of Nov. 1

France court orders UBS to pay $5.1 billion for Swiss accounts scandal

Paris court finds UBS guilty of helping wealthy French clients stash funds in undeclared Swiss accounts.