UBS
Changing Hats, August 2010
The movers and shakers in the op risk professions
UBS to appoint HKMA veteran Yam to its board
Joseph Yam was also named by sovereign wealth fund China Investment Corp as an one of its international advisers early this month.
Morgan Stanley and UBS boost LLMA membership to 10
Life & Longevity Markets Association gains momentum
JP Morgan in global commodities staff cull
US investment bank JP Morgan has made cuts to accommodate the integration of the RBS Sempra commodities business.
UBS hires emerging markets head
Can Uran leaves Bank of America Merrill Lynch for senior role at UBS
Joshi joins Deutsche Bank as head of Emea Equities
After leaving Barclays Capital last Friday, Dixit Joshi, formerly head of equities for Emea and Asia-Pacific at the UK bank has joined Deutsche Bank in a similar role
Lee reappears at Deutsche Bank as head of GMIP and db-X, Asia
Chris Lee has taken over global market investment products and the db-x division in Asia for Deutsche Bank. Formerly head of the structured products group at UBS, Lee started at Deutsche in the last week of June.
Skandia offers the insurance route
Global savings and insurance heavyweight, Skandia, has been distributing structured products in Sweden since 2005 when it launched two products with Skandiabanken as issuer. Since then the Swedish branch has gone on to use various other intermediaries…
UBS reverse convertible index offers deposit-beating returns
UBS has created a reverse convertible index to offer German investors income which beats the return on bank deposits
UBS offers access to MLPs through fast-growing ETN market
UBS has launched a new exchange-traded note in the US, offering leveraged exposure to the Alerian MLP Infrastructure Index.
Concerns grow on correlation of derivatives collateral
Sovereign debt crisis raises fears about correlation of derivative collateral denominated in domestic currencies
Chris Lee reappears at Deutsche Bank as head of GMIP and db-X, Asia
Deutsche Bank has hired Chris Lee as head of structured products for Asia, just a few months after he left a similar position at UBS
UBS hires new emerging markets head
Can Uran joins bank as co-head of FICC emerging markets.
Credit Suisse expands Australia equity derivatives with Kiely hire
Credit Suisse has expanded its equity derivatives and structured products operations in Australia with the appointment of Lucas Kiely as director and head of equity derivatives sales and Chelsea Wise as director and head of structured products sales
UBS creates reverse convertible index to beat deposit returns
UBS index meets demand from German retail investors for regular income that beats the European Central Bank's base rate.
ING makes syndicated finance hire
ING Commercial Banking has hired a new senior sales director in syndicated finance.
Driving in reverse
Despite The Wall Street Journal lambasting equity-linked reverse convertibles as ‘dangerous investments’ and a chorus of bad press culminating in regulatory fines, the products continue to attract capital from the US retail sector. Joti Mangat asks how…
UBS fines for misselling structured products could be first of many
UBS has come under fire in a series of court cases in the US for inappropriate sales of Lehman Brothers principal-protected notes and a failure to inform retail investors properly of the risks involved. More cases are likely.
