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Weakness, lack of anticipation, lack of ethics in the world of banking

Weakness, lack of anticipation, lack of ethics in the world of banking

Publicado el 7, ene, 2021 Actualizado 7, ene, 2021 Economía
time 4 min
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Weakness, lack of anticipation, lack of ethics in the world of banking

In the early stages of 2021, it seems important to both of us to share a letter sent in 2016 to Mr. Sergio Ermotti, CEO of the Swiss bank UBS in Zurich. Unfortunately, we have never received any answers to our proposal. Mr. Ermotti left office during the fall of 2020 and we have learnt that Mr. Ralph Hamers, his newly appointed successor, is caught up by the justice of The Netherlands where he is prosecuted for alleged money laundering for his activities when he was heading the bank ING. We have read, flabbergasted, that the President of UBS was aware of the background of the new CEO and which was also taken into consideration by the Board of Directors of the bank.

The American political scientist Zbigniew Brzezinksi, who was President Jimmy Carter's National Security Advisor was already worried of the political awakening of the masses. Even though Mr. Brzesinski had warned that the thought which leads to the architecture of the actual world would collapse, we can only note that there still is no consideration for another model. The fact that the thought of the managers does not evolve inevitably leads to a collapse. Would this stagnation, this blindness be stubbornness? In any case, it is about a suicidal evolution for a company such as UBS, for its depositors and its employees.

As such, the Trilateral Commission, which Mr. Zbigniew Brzezinski joined when created, qualifies itself as "an organisation oriented toward decision making" between the "industrial democracies", defined as "a community with its own identity and constituting a vital stake". It seems that Mr. El Leenars, another former top executive of ING, member of the European Group of the Trilateral 2020 who has been appointed as "Vice Chairman Wealth Manager" at UBS, did not fail i

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