The outsiders

摘要

In discreet offices above Zurich's elegant shop-lined streets, ubs's clannish executives have sometimes managed to give the impression they are running a genteel parochial bank rather than a money-grubbing global one. Increasingly, however, they are turning to outsiders for help. On February 13th the bank named Jerker Johansson of Morgan Stanley to head its investment bank. Mr Johansson, a Swedish citizen, had been at the American investment bank for 22 years, rising to head its global institutional-equities business before a reshuffle in December.