Tag: UBS

Platform utility facilitates increased settlement velocity and collateral mobility.

The past week saw appointments from LSEG, Citi, UBS and GTN, alongside a departure from Waverton Investment Management.

Major service providers including BNY Mellon, State Street, UBS and Northern Trust have all expanded their outsourced trading capabilities to meeting growing demand from buy-side organisations.

Citi appoints a new head of markets for ASEAN; while UBS reshuffles its APAC team with a new head of global markets for Australia and a new head of derivatives and solutions for Australia.  

Equity and bond markets have both been hit by the fallout from the forced Credit Suisse sale, while the ripple effect could have a far broader impact on long-term market liquidity. To conclude a crazy week, we bring you a quick round-up of what this means across the asset classes – and why bank funding may never be the same again.  

Avenues could include challenging the Swiss government, suing FINMA, or suing Credit Suisse – with AT1s recovering slightly as the market prices in the hope of legal redress.  

Despite the bank’s longstanding role as a counterparty – especially in the fixed income space – The TRADE understands that neither Credit Suisse nor UBS have yet been in touch with clients regarding next steps following the merger.  

Good morning from The TRADE HQ in London. In case you’re wondering what happened over the weekend, here’s a quick update on the UBS-Credit Suisse deal, how it played out, and the far-reaching impacts.

The past week saw appointments from Redburn, Kepler Cheuvreux, UBS and BNP Paribas CIB.

The bank reported a more positive performance than many of its peers, driven in part by a significant reduction in operating expenses.