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Peter Kurer, left, outgoing chairman of the board of Swiss bank UBS, and his successor Kaspar Villiger, right, leave the podium following a press conference in Zurich, Switzerland, Wednesday, March 4, 2009. Switzerland’s biggest bank UBS announced on Wednesday, that former Swiss Finance Minister Kaspar Villiger will replace Peter Kurer as chairman of the board next month. The bank said that Kurer would leave on April 15 after one year in the job during which UBS reported record losses and became embroiled in a major tax evasion probe in the United States. (KEYSTONE/Steffen Schmidt)