Navigation

Leading bank sponsors five university chairs

The UBS bank has announced plans to sponsor the creation of five economics chairs at Zurich University as part of a multi-million franc investment in education.

This content was published on April 20, 2012 - 11:28
swissinfo.ch

Chief executive Sergio Ermotti said the bank would spend up to SFr150 million ($163.7 million) over the next decade on an international education initiative, including science topics at primary and secondary schools as well as apprenticeships and internships.

The dean of Zurich University, Andreas Fischer, said both sides agreed that the independence of research and teaching will be maintained.

Other major Swiss companies, including the luxury watchmaker Rolex, chemical company Syngenta, consulting company KPMG, Swiss Post as well as the Swiss Bankers Association are also known to sponsor academic institutions and research projects.

However, experts warn that the increasing involvement of commercial firms risks undermining the independence, continuity and focus of academic education in the long run.

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

Comments under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Join the conversation!

With a SWI account, you have the opportunity to contribute on our website.

You can Login or register here.