UBS investment banking manager in Japan to resign

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP

UBS AG, the Switzerland's biggest bank announced that Yasuki Matsui, chairman of the investment banking unit in Japan is going to resign. Matsui is the third UBS Japanese executive after Taiji Okusu, Credit Suisse's manager of investment banking and CEO of Credit Suisse Paul Kuo who resigns from European bank this year. UBS did not announce reasons for Matsui resignation. In September UBS reported $2.3 bn loss and currently is focusing on asset management.

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