UBS snares inflation derivatives trader

Swiss investment bank UBS has hired Dariush Mirfendereski, an inflation derivatives trader, from UK-based rival Barclays Capital.

Mirfendereski's move could prove a blow to the UK bank, which lost a number of its inflation derivatives team last year, including Chris Lando, who also joined UBS.

It is believed Mirfendereski will join the London office.

A spokesperson for Barclays Capital confirmed that Mirfendereski has left the bank. A spokesperson for UBS declined to comment.

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