Santander perform U-turn on Andre Orcel CEO appointment
UBS investment banking president Andrea Orcel will no longer take on the role of CEO at Santander due to compensation concerns.
Tag: UBS
Trading Venues
MEMX: The road ahead
Following news of major US players looking to establish a member-owned equities exchange, industry experts agree the move could prove to be positive for markets, but warn the road ahead for MEMX may be a difficult one.
Major US institutions to rival NYSE and Nasdaq with launch of ‘low-cost’ exchange
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.
UBS agrees to act as intermediary on Cboe FX
UBS will act as intermediary for smaller firms with limited bilateral credit and relationships on Cboe FX.
Deutsche Bank poaches algorithmic trading head from UBS
James Rubinstein has been appointed head of electronic equities for the Americas region at Deutsche Bank in New York.
UBS reshuffles investment banking leadership as Andrea Orcel accepts CEO role at Santander
Andrea Orcel will join Santander as CEO in early 2019, as UBS names Piero Novelli and Robert Karofsky co-presidents of the investment bank.
UBS MTF lists more than 50 stocks suspended by MiFID II DVCs
Bans will be implemented over a six month period, effective from 13 April, but capped instruments remain available for trading under LIS waiver.
UBS fined $4.5 million for record keeping failures
Hong Kong financial watchdog fines UBS after it failed to produce transaction and client consent records.
Citi taps UBS for ETFs credit trading head in Europe
Melvyn Merran has been appointed head of credit trading for ETFs as Citi continues its drive into the ETF space.
UBS warns of MiFID II’s impact on profits
Swiss investment bank’s annual report outlines potential revenue impacts of MiFID II unbundling and changes to OTC derivatives trading.