UBS Warburg has hired Glenn Taitz and William Ludington as executive directors in its North American interest rate and foreign exchange divisions. Based in Stamford, Connecticut, the pair will report to Michael Ice, head of marketing and structuring of the North American interest rates and foreign exchange division in the investment banking arm of Switzerland's UBS.Taitz will primarily market structured credit derivatives products to clients in the insurance sector. Ludington will focus on marketing credit derivatives to the non-life insurance sector, including the reinsurance and property and casualty businesses.
Taitz was formerly a director in the strategic solutions group at Merrill Lynch, where he structured and marketed derivatives-based transactions to US insurance companies. Prior to his eight years at Merrill Lynch he was vice-president of derivatives trading at Sanwa Financial Products in New York.
Ludington was formerly vice-president of structured credit sales at JP Morgan Chase, responsible for the distribution of structured credit products to non-life insurance companies.
“Together, Glenn and Wim will drive the structured credit derivatives effort in North America across all client sectors,” said Ice.
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