Juerg Buergin, a former UBS AG executive, must face trial on charges he paid for sex with an underage prostitute in Singapore, a judge ruled. Based on the evidence presented, the prosecution “has satisfied every ingredient of the charge,” Singapore subordinate courts judge Eddy Tham said at a hearing today…Buergin, who used the name Robert James to communicate with the woman’s pimp, also sought the services of at least 10 other women between ages 20 and 43, his lawyer Selva Naidu has said. Buergin was a victim of a conspiracy between the underage prostitute, who used the moniker Chantelle, and her pimp, who misled him into believing she was 18, the lawyer said. “I wanted to protect my reputation,” Buergin said at today’s hearing, referring to why he used the name Robert James to communicate with the pimp. “I didn’t want the escort agency to know my real name.” He said he texted the pimp using a mobile phone issued by UBS for work purposes. [Bloomberg, earlier]

Juerg Buergin only pays of age women for sex, ergo that girl took advantage of him, says lawyer. Read more »

  • 14 Mar 2013 at 2:50 PM

Bonus Watch ’13: UBS

Not everyone received a package that resulted in a nice long cry. Andrea Orcel, for example, did pretty okay for himself. Read more »

The Swiss are scheduled to communicate bonus numbers today. In the meantime, those working in UBS’s O’Connor fund are preemptively pissed re: the news their compensation will be structured as though they were regular old employees of the bank. What are they doing about it? Read more »

  • 26 Feb 2013 at 4:22 PM

Layoffs Watch ’13: UBS West

The Swiss are said to be packing it in on the West Coast. Read more »

  • 25 Feb 2013 at 2:41 PM

Bonus/Layoffs Watch ’13: UBS

Both are expected to go down shortly. Read more »

  • 21 Feb 2013 at 12:56 PM

Bonus Watch ’13: UBS

…employees will get their bonus numbers when management feels like giving them their bonus numbers! Read more »