Zurich, Switzerland (GenevaLunch) – Bank UBS is making headlines again but for two separate reasons: the bank told Dow-Jones it has hired Matthias Frisch as the new head of its Swiss Investment Banking arm. He replaces Andy Haeberli and comes from Horizon21 and previously spent 14 years with Goldman Sachs. And the Swiss Stock Exchange announced Friday morning that it is investigating the bank for “possible breaches of the Directive on Ad hoc Publicity and the Directive on Information relating to Corporate Governance by UBS AG.

The stock exchange’s brief press release on UBS said only that the investigation is for an undetermined period and that no further information is available while it is underway. It says it “began an investigation into possible breaches by UBS AG of the provisions on the ad hoc publicity in the period from 2007 to the end of 2008 as well as possible breaches of the Corporate Governance Directive in connection with the bank’s 2008 annual report.”

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