The late Ian Kerr, Financial News' acerbic investment banking commentator, closely tracked the career of Oswald Grübel, who was today named the new chief executive of UBS. Here is a selection of his comments.

Oct 14 2002: "Since Ossie Grübel and Mack were made co-chief executives of Credit Suisse less than a month ago, the stock price has fallen by 30%."