UBS to trade derivatives in Mexico

Anna Gordon-Walker
18 Jan 2007

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The bank will commence trading by mid-February and hopes to be offering derivatives products by June. Initially, UBS will offer cash, foreign exchange and debt products to institutional investors in the country, with a view to expanding its services to individual clients in the future.

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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