Susanne Craig writes in The New York Times that the banker, Robert Wolf, a top UBS executive in New York, is among President Obama’s leading fund-raisers, building more than more than $500,000 for his re-election so far this year.
A regular presence at big campaign fund-raisers, Wolf, who is 50, golfs and vacations with Obama and is known for e-mailing friends photos of himself with the President.
While such a close relationship might have been envied by other bankers in 2008, when much of Wall Street was infatuated with Obama and donated heavily to his presidential bid, it has been making other UBS executives uneasy of late.
With media reports pointing out that one of the bank’s top executives is also one of the Obama campaign’s top bundlers - a word that one UBS executive said 'makes people’s hair stand on end' inside the bank - the Swiss banking giant has decided to take an unusual step.
The bank’s powerful group executive board in Zurich recently presented Wolf with an edict directing him to report all his media inquiries to the firm’s press office.
Since then, most of the requests to speak to Wolf have been rejected, according to people briefed on the situation, resulting in a much dimmer limelight for the banker.
Hit the link below to access the complete New York Times article:
Bosses Rein In Banker Who Golfs With Obama
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