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David Gray left UBS, Wannenmacher hired

David Gray left UBS, Wannenmacher hired

David Gray, Asia Pacific head of prime brokerage at UBS, has left the firm. UBS was last year ranked third largest APAC prime broker, based on number of mandates won, behind Goldman Sachs and Morgan Stanley. Gray was named to head up prime services in the region in March 2007, having been with the firm since 1994. It’s unclear as to why he left, or what his plans entail. He is to be replaced by ex-Nomura … Read more »

In : Alternative Investments, Job & Careers

Credit Suisse and UBS nominated as share leaders in European equity trading

Credit Suisse and UBS nominated as share leaders in European equity trading

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 … Read more »

In : Alternative Investments, Job & Careers

Morgan Stanley and UBS join Life & Longevity Markets Association

Morgan Stanley and UBS join Life & Longevity Markets Association

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 … Read more »

In : Alternative Investments, Job & Careers

UBS creates partnership with Richard Bernstein Advisors

UBS creates partnership with Richard Bernstein Advisors

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 … Read more »

In : Alternative Investments, Job & Careers

Choudhary and McCabe leave UBS to inaugurate independent practice

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. … Read more »

In : Alternative Investments, Family Office and Wealth Management, FOREX, CFD, and Financial Spreadbetting, Hedge Funds, Job & Careers, Private Equity