Zurich, Switzerland (GenevaLunch) – UBS says it has completely lifted a travel ban it implemented in April 2009 for its client managers, reports Nasdaq. They were told not to travel abroad following an order from Finma, the bank regulatory body, for UBS to revamp its cross-border business policies.

UBS also announced Monday 7 December that it is nominating, to one of its 12 board positions, Wolfgang Mayrhuber, chairman of the board and CEO of Lufthansa airline.

The election of board members takes place at the bank’s annual meeting in April 2010. One more board slot remains open and the bank says it will announce its nomination in due time.

In other UBS nes, the US Justice Department is reportedly happy with the implementation of its agreement with Switzerland under which the Swiss are to turn over 4,500 names of UBS clients suspected of tax fraud, according to NZZ, Swiss-German newspaper. Meanwhile,

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