Swiss investment bank UBS has hired six senior executives to its US equities business. The new appointments span the sales and trading, equity sales and quantitative strategy groups.
Andre Dore and Nicholas Struk will join the Stamford, Connecticut office as executive directors and equity sales traders. Both previously worked as managing directors at Bear Stearns and will report to Brian McGinn and Brendan Grady, co-heads of the Stamford sales trading group at UBS.
Xiaodong Zhang and Ilya Ustilovsky wil also join the Stamford office as executive directors and quantitative strategists. Zhang has over ten years of quantitative experience in algorithmic trading at firms including Bear Stearns and Merrill Lynch. Ustilovsky joins from Goldman Sachs, where he worked for five years developing a number of high-frequency option trading algorithms. Both will report to William Baedke, Global Head of Electronic Volatility Trading.
Sean Grady and Zach Monsma have also joined UBS’s New York office. Grady has been appointed executive director and equity sales trader and has worked at Credit Suisse for 15 years. He will report to William Ackerman.
Monsma takes up the position of executive director of the equity sales group and will report to Glenn Starkman, head of US equities time zone distribution.
“UBS remains committed to providing integrated, full service solutions to our clients,” said Raul Esquivel, head of Americas equities, in a statement. “In these markets, strong quantitative strategy is more in demand than ever and clients are looking for solid sales and trading support. Strategic hires such as these allow UBS to maintain its position as the leading equities firm in the world.”