David Gray

David Gray News

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  Tesco to Exit U.S. After First Profit Drop in About 20 Years

  Tesco Plc, the U.K.’s largest retailer, said it will exit the U.S. and scale back domestic expansion at a cost of about 2 billion pounds ($3 billion) as it reported the first annual profit drop in almost 20 years.

• UBS AG Asia-Pacific Prime Services Head David Gray Leaves

  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.

• SEC Muni Rule, Peru’s Market, DOJ Ethics: Compliance

  The U.S. Securities and Exchange Commission approved a rule barring financial advisers to state and local governments from engaging in deceptive practices, one of the first steps to regulate the business.

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  St Pancras Pits Bratwurst Against Brie in German-Friendly Revamp

  German bratwurst and Hugo Boss suits are set to vie with croissants, camembert and other French staples in shops at London’s Channel Tunnel terminus as the station prepares for direct trains from Cologne and Frankfurt.

• UBS Names Jarvis, Hodges to Prime Brokerage Division Roles, Memo Says

  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.

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  Tesco Poised to Exit U.S. After Starting Fresh & Easy Review

  Tesco Plc, the U.K.’s largest grocery company, said it will likely leave the U.S. after announcing a review of its Fresh & Easy unit in the country and the departure of the unprofitable business’s head.

• GT Advanced to Idle Plant, Expects Solar Recovery in 2014

  GT Advanced Technologies Inc., a U.S. supplier of manufacturing equipment for solar and energy- efficient lighting products, plans to sell a factory in St. Louis. The facility is developing high-efficiency solar technology that may not be needed until demand for photovoltaic panels picks up next year.

• UBS Appoints Forsythe Singapore Prime Brokerage Sales Head, Memo Says

  UBS AG , the largest Swiss bank, appointed David Forsythe as head of prime brokerage sales for Singapore, according to an internal memo.

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  UBS Hired Credit Suisse's Pak to Head Asia Hedge Fund Capital Introduction

  UBS AG , the largest Swiss bank, hired Stephen Pak from Credit Suisse Group AG to head a team that introduces Asian hedge funds to potential investors after losing staff to rivals and new entrants.

• UBS Hires Wannenmacher as Asia-Pacific Prime Services Head

  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.

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Quote

• "It can't continue to subsidize the U.S. business with the U.K.."

  - David Gray on Dec 05, 2012

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