UBS to trade derivatives in Mexico
UBS, the Swiss financial services provider, is to launch banking services in Mexico, after being granted a licence to operate in the country.
The bank already has a representative office in Mexico City with 13 staff that will be expanded to 25 over the course of 2007.
UBS is one of the biggest players in Latin America with operations in Brazil through its purchase of UBS-Pactual, and this push in Mexico is the next stage in the bank’s planned expansion into the region.
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