Investment Banking

The ascent of Andrea Orcel: A tale of rampant ambition

The head of UBS' investment bank made no secret of his ambition — sometimes to the aggravation of his boss

Boxing Clever: dealmaker Orcel has finally crafted a great deal for himself
Boxing Clever: dealmaker Orcel has finally crafted a great deal for himself Photo: Jon Berkeley

In 2015, Andrea Orcel was having dinner with other top European dealmakers when the conversation turned to his future.

The assembled group — all near or atop finance’s greasy pole — were well aware of Orcel’s rampant ambition. But what he said next came as a surprise.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire