UBS trader denies trying to influence research reports

UBS’s head trader for commercial mortgage backed securities denied claims of trying to influence research reports published by the Swiss bank’s former senior strategist for CMBS products.

Bloomberg News reports that David McNamara, 49, testified Thursday at a trial brought by former CMBS strategist Trevor Murray, who says UBS illegally fired him in February 2012 for blowing the whistle on alleged attempts to skew his reports to benefit the bank. McNamara’s testimony in the civil suit is scheduled to continue Friday in Manhattan federal court.

Under questioning by a UBS lawyer, Gabrielle Levin, McNamara said he never confronted Murray in the hallway of the bank’s New York office in December 2011 to tell him he’d been "too bearish" in an annual outlook article for the CMBS market. Murray had earlier made that claim.

"Not to my knowledge, no," McNamara said.

Hit the link below to access the complete Bloomberg News article:

UBS Head Bond Trader Says He Never Told Analyst to Skew Reports

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