UBS shakes up execution services management team structure
UBS is making a sweep of appointments following the completion of its Credit Suisse merger.
UBS is making a sweep of appointments following the completion of its Credit Suisse merger.
The past week saw appointments across electronic sales, trading, equity finance and institutional sales.
New executive director has previously held positions at Luminex, Liquidnet and The Boston Company.
The past week saw appointments across exchanges, electronic trading and sales trading.
Job cuts were made to the equity sales and research teams, sources said.
The Swiss Financial Market Supervisory Authority (FINMA) has also opened enforcement proceedings against an undisclosed former manager at Credit Suisse.
Following completion, Credit Suisse shares and American Depositary Shares (ADS) will be delisted from both the Swiss and New York stock exchanges.
D’jelal had been with UBS for the last two and a half years; previously served at Barclays, Plato Partnership, Goldman Sachs, Citi and Logica.
UBS said it is “evaluating all options for Credit Suisse’s Swiss business”; group financial chief to depart following closing of transaction.
The group reported a net profit of $1 billion and total revenues of $8.7 billion, down 52% and 7%, respectively, impacted by declines in asset management and investment banking.