House of the Year, Australia – UBS

Andrew Brown, UBS

The Australian derivatives market continues to be characterised by aggressive competition between a handful of global dealers which maintain an onshore presence and the big four domestic banks, which are fixed income derivatives dealers in their own right. With a top tier position in equity derivatives across all customer segments, and acclaim from domestic corporates for a renewed effort in fixed income, UBS edged out its international rivals to win this year's award.

Against a backdrop of

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