Credit Suisse and UBS have been nominated as the 2010 Greenwich share leaders in European equity trading, with each firm boasting a market share in excess of 11 per cent of overall institutional trading volume in European stocks. These two firms were also named Greenwich quality leaders in European equity trading, along with Bank of America Merrill Lynch and Deutsche Bank. Greenwich says competition for trading business in European equities is intensifying after a number of major brokers invested in the business just before an unexpected decline in institutional commission brokerage payments on trades of European stocks.
On 3 September 2010, In Alternative Investments, Job & Careers, By staff
On 22 July 2010, In Alternative Investments, Job & Careers, By staff
Morgan Stanley and UBS have joined the Life & Longevity Markets Association as full members. They join original members Axa, Deutsche Bank, J.P. Morgan, Legal & General, Pension Corporation, Prudential, RBS and Swiss Re. The LLMA was formed to promote the development of a liquid traded market in longevity and mortality-related risk, of the type that exists for insurance linked securities, and other large trend risks like interest rates and inflation. Since launch the association has been involved in the development of consistent standards, methodologies and benchmarks to help build a liquid trading market.
It aims to launch a consultation period for its index methodology during Q3 2010.
On 7 July 2010, In Alternative Investments, Job & Careers, By staff
UBS Wealth Management Americas has entered into a partnership with Richard Bernstein Advisors, which specialises in longer-term, macro-oriented investing. UBS clients will have access to Richard Bernstein Advisors’ insight into asset allocation.Mike Ryan, head of wealth management research-Americas, will oversee the partnership. “Richard Bernstein is a respected leader in the field of asset allocation, bringing sophisticated insight and thoughtful advice to clients,” says Robert McCann (pictured), chief executive of UBS Wealth Management Americas. “Consistent with our objective to be the best wealth management firm in the Americas, this partnership demonstrates our commitment to providing our clients with unparalleled intellectual capital and highly relevant perspectives in support of their investment goals.”
On 29 March 2010, In Alternative Investments, FOREX, CFD, and Financial Spreadbetting, Family Office and Wealth Management, Hedge Funds, Job & Careers, Private Equity, By staff
Two financial advisers, John Choudhary and Anne-Day McCabe, left UBS Financial Services on 19 March to create their own firm, CAM Private Wealth Services. They have opened offices in Reston and Tysons Corner, Virginia.
UBS AG, Switzerland’s biggest bank by assets, appointed Axel Hoerger as head of wealth management in Germany, replacing Stephan Zimmermann.
On 24 January 2010, In Alternative Investments, Family Office and Wealth Management, By staff
Switzerland has not yet handed over data on clients of UBS to the U.S. authorities as part of a probe into possible tax evasion among wealthy bank customers, a government spokesman was quoted as saying on Sunday. (more…)
