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When UBS Group Chief Executive Oswald Gruebel resigned this weekend, it left the Swiss bank with two dilemmas to cope with: properly handling its recent rogue trading scandal and finding a new permanent leader.

UBS AG announced that CEO Oswald Gruebel has resigned and that Sergio Ermotti will assume the top spot at the Swiss bank on an interim basis.

Financial Advisers of America on Monday announced that Honolulu-based CKW Financial Group has joined its family of investment advisors, bringing more than $900 million more in assets under management to the San Diego-based broker-dealer.

Managers of U.S mutual funds, separately managed accounts and other asset pools are pretty concerned about whether they calculate their risk exposure and performance results correctly and report correctly to regulators and clients.

Investors reaching or in retirement are much more likely to stay in the stock market if they’re invested in financial products that provide guaranteed income. That was one of the major findings this week from an online survey Prudential conducted in May of this year.

Orion Advisor Services unveiled the latest release for it Advisor Desktop portfolio management suite for RIAs on Monday with new features designed to make it easier for advisors using the primary database management tool to rebalance their clients’ portfolios and create tax efficient strategies at the household level.

The Department of Labor announced Monday that it has pulled its current proposal for the definition of a fiduciary off the table. The agency will take up the issue in early 2012 and re-propose a fiduciary definition after more industry input.

TORONTO-The movement of credit-default and other forms of complex financial swaps into electronically managed and centrally cleared markets may be increasing rather than lowering risk, said Michael Bodson, chief operating officer of Depository Trust and Clearing Corporation, Tuesday here at the SIBOS 2011 conference for the Society of Worldwide Interbank Financial Telecommunication.

TORONTO-Citigroup has begun sending information about dividend payments of American Depositary Receipts using interactive tags, bank officials said here Wednesday at the annual SIBOS 2011 conference here for the Society of Worldwide Interbank Financial Telecommunication.

When Neeraj Sahai become the head of transaction services in India, it wasn't derivatives like interest-rate or credit-default swaps that were traded over the counter.