Dow Jones-AIG Commodity renamed through UBS acquisition
UBS has announced that Dow Jones-AIG Commodity Indexes have been renamed Dow Jones-UBS Commodity Indexes following the completion of its acquisition of the commodity index business of AIG Financial Products.
The commodity index business is made up of a product platform of commodity index swaps and funded notes based on the benchmark Dow Jones-AIG Commodity Index (DJ-AIGCI).
"This acquisition allows us to expand our leading equities business in commodities indexes by adding a highly regarded platform, which has considerable market traction, expertise, and critical mass," says Jason Barron, global head of equity derivatives at UBS.
UBS estimates that 13 employees will move from AIG to service existing
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