UBS

Headquartered in Zurich and Basel, UBS is a global firm providing financial services to private, corporate and institutional clients.

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People News: UBS, C Suisse

UBS HQ archway

UBS is hiring investment banker Joseph Hershberger from Credit Suisse, where he was a managing director and global head of asset management banking, according to a company memo.

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Hedge fund to shut down Hong Kong office

Grupo BTG Pactual’s hedge fund unit is shutting down its Hong Kong office as it shrinks its operations following a slump in assets under management, two people with knowledge of the matter said.

Hurdles

UBS said to face fresh hurdle

UBS became a favourite with investors and the envy of European rivals after Chief Executive Officer Sergio Ermotti scaled back its trading unit to focus on managing the more than $2tril that wealthy customers have at the bank.

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Ex-UBS trader to help authorities in currency probe

A currency trader from the Cartel chatroom -- the instant-messaging group the U.S. government named in wringing guilty pleas from five global banks - has been helping prosecutors who are trying to build foreign-exchange manipulation cases against individuals, according to two people familiar with the matter.

Hurdles

UBS said to face fresh hurdle

UBS became a favourite with investors and the envy of European rivals after Chief Executive Officer Sergio Ermotti scaled back its trading unit to focus on managing the more than $2tril that wealthy customers have at the bank.

Hedge Maze

UBS boosts hedge fund allocation

UBS boosted its recommended allocation to hedge funds for the second time in as many years, saying that the strategy will provide stability amid volatile markets.