Philippe de Weck (photo: UBS)
Fribourg, Switzerland (GenevaLunch) - Philippe de Weck, who was the managing director of Swiss bank UBS from 1966-1976 and then head of the board for another four years, has died, age 90, in Fribourg. De Weck was the only head of the bank who has come from the French-speaking part of Switzerland. He remained a member of the board until 1988, after stepping down as chairman in 1980.
De Weck was one of a trio of experts called in to investigate the l’Instituto per le Opere Religiose, the Vatican’s bank, when it was faced with the Banco Ambrosiano scandal in 1982. He also served on the boards of several large Swiss companies, including Nestle and SGS.
He was born into a family that was part of Fribourg’s social set, a strongly Catholic society. His marriage to Alix de Saussure in 194 linked him to one of Geneva’s most notable Protestant families. He studied law in Fribourg and after working briefly in a law firm joined the family bank, Weck, Aeby & Cie, later bought out by Union Bank of Switzerland, which in turn merged with Swiss Bank Corporation to become UBS. The de Weck family is still active in banking today, with several members of the family involved in Geneva banks. Roger de Weck, his son, heads the Graduate Institute in Geneva.
The funeral will be Tuesday 15 December at the St Nicolas Cathedral in Fribourg.
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News story, GenevaLunch, 12 December 2009.
Filed under: Society
Tags: Ambrosiano scandal, banking, death, Fribourg, Graduate Institute Geneva, obituary, Philippe de Weck, Roger de Weck, UBS, Vatican