[1] He was also the first CEO and Chairman of the Board of Directors of the Union Bank of Switzerland, now UBS.
In 1901, at the age of 35, he was elected as the Chairman of the Board of Directors of the Bank in Winterthur.
During his chairmanship, the bank changed its focus from its original lending business and began to expand its issuing and asset management franchise.
Between 1912 and his retirement in 1941, he was chairman of the Board of Union Bank of Switzerland (now UBS), in an alternating capacity in 1916 and 1918, with Carl Emil Grob-Halter (d. 1921), and then held the chairmanship as the representative of the merged Toggenburger Bank.
He left Switzerland in 1982 with his wife Angelika and their two sons, Rudi and Patrick, to live in New York City.