UBS AG intends to split off its investment banking unit and incorporate it outside Switzerland, the Wall Street Journal reported, citing unidentified people familiar with the matter.
UBS AG , Switzerland’s largest bank, hired Tim Wannenmacher from Nomura Holdings Inc. as head of prime services for the Asia-Pacific region, according to an internal memo.
David Gray , UBS AG’s Asia-Pacific head of prime services for hedge funds, has left the largest Swiss bank by market value after 17 years.
UBS AG , the largest Swiss bank, appointed Joseph Chee and John Sturmey as co-heads of global capital markets for Asia, according to an internal memo.
Citigroup Inc. ’s Citibank, Bank of America Corp. ’s Merrill Lynch unit and five other banks were sued by the trustee liquidating Bernard Madoff ’s firm to recover more than $1 billion for the con man’s defrauded customers.
UBS AG, Switzerland’s largest lender, appointed Ashley Jarvis as global head of business and capital consultancy in its prime brokerage division, according to an internal memo seen by Bloomberg today.
UBS AG , the largest Swiss bank by market value, named Stuart Mackay to take over responsibility for securing equity underwriting mandates in Asia outside of China, according to an internal memo.
Hong Kong bankers are charging the lowest fees on record to arrange initial public offerings as firms vie for deals in a market where IPOs are raising more than in the U.S. and U.K. combined.
"UBS always seeks to control its costs."
- Chris Cockerill on Oct 22, 2008