UBS takes on Paternoster's pension team

UBS Investment Bank has hired a London-based Europe, Middle East and Asia (EMEA) fixed-income, currencies and commodities pensions team from Paternoster. Tesula Mohindra and Ian Aley will run business development and report to UBS' co-head of EMEA debt capital markets, Mahnaz Safa. David Still and Tim Coulson will be responsible for actuarial and pricing work, and will report to the head of EMEA private side structuring, Andrea Sambo.

Safa said the introduction of Solvency II would increase

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