© Scanpix/AFP
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Sergio
Ermotti, the new CEO of UBS AG, has to persuade investors that company's fifth restructuring
in last six years will be successful. Tomorrow in New York meeting Ermotti will
outline UBS AG's new strategy to investors. Analysts expect Ermotti to propose
further asset cuts, reductions in jobs, particularly in fixed-income field as
new capital requirements are hurting profitability.