UBS CEO does not see another capital hike-report

ZURICH (Reuters) - UBS AG's (UBSN.VX: Quote, Profile, Research) chief executive does not imagine a need for a further capital hike, and signs of improvement are visible, he said in an interview published on Thursday.

But it will take several months to emerge totally from the current crisis, UBS CEO Marcel Rohner told Swiss French-language weekly L'Hebdo.

"I imagine that we would not need another capital hike," Rohner said.

UBS, the world's largest wealth manager, has written down around $37 billion in assets and cleaned out most senior management -- including chairman Marcel Ospel -- after asking investors for emergency cash two times in as many months.

"The current value of our positions is very low. But the situation is still a little bit less tight than it was six months ago," Rohner said.

"Some signs of an improvement are starting to be visible: purchasing of certain credit derivatives is resuming, considerably depreciated in relation to their price before summer 2007. It will certainly be several months before a complete exit from this crisis," Rohner said.

When asked if UBS would cut 3,000 to 4,000 jobs at its investment bank, Rohner said: "This estimate is very probably too high. We are going to adjust our capacity to the market opportunities."

Rohner also said other units of the bank would have fewer employees in one year's time.

(Reporting by Sam Cage; Editing by Quentin Bryar)