UBS exits exotic structured products business in FICC

The reorganization follows an announcement by UBS in October last year outlining the repositioning of the investment bank. The ultimate aim is to emphasise the core strengths within FICC, by focusing client business on facilitation and flow, while relying on a lower balance sheet and risk utilisation.

"As announced in October 2008, the Investment Bank is in the process of reprioritising its business portfolio around client servicing and facilitation while seeking further efficiency gains," says J

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