Marcel Louis Ospel (8 February 1950 – 26 April 2020) was a Swiss banker and the longtime head of the multinational investment bank UBS.
He pursued further education in Switzerland and abroad, and joined the marketing and planning division of the Swiss Bank Corporation (SBC) in 1977.
[1][3] His annual salary of up to CHF 26 million – exceptional in Switzerland but less so in international banking – was another topic of frequent controversy during his tenure as chairman.
[1] In the 2000s, Ospel pursued an aggressive growth strategy in investment banking and structured finance, acquiring Paine Webber among others, and was considered to be one of the most powerful men in Switzerland.
Ospel was forced to resign in April 2008, following pressure by the Swiss Financial Market Supervisory Authority, and UBS had to seek a government bailout in October 2008.