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| | | ... president for fixed income portfolio management and trading in Sydney. The former director of fixed income portfolio management at UBS Global Asset Management takes up the position at the end of the month, reporting to Rob Mead, head of portfolio management ... |
| | | | UBS Global Asset Management is retaining ownership of multi manager fund-of-funds business OptiMix as it completes its acquisition of ING Investment Management, although ANZ owns its money. UBS closed the acquisition yesterday and a spokesperson told ... |
| | | | The UBS board of directors has accepted the resignation of its chief executive, Oswald GrA1/4bel, after the recent rogue trading scandal that lost the Swiss bank $2.36 billion. Sergio Ermotti has been named group chief executive on an interim basis ... |
| | | | ING Investment Management is cutting staff numbers in the lead up to its takeover by UBS Asset Management, with estimates at 36 staff cuts to date. Notice of potential job cuts was given back in June when news of the takeover was announced, with the ... |
| | | | A 31-year-old UBS trader has been arrested in London on suspicion of fraud by abuse of position, resulting in a US$2 billion loss for the Swiss bank. The news, breaking three years to the day after the collapse of Lehman Brothers, has put UBS trading ... |
| | | | ... jumped 3.56 per cent, Madrid 3.63 per cent, Brussels 2.02 per cent, and Zurich nudged up 0.29 per cent the day Swiss bank UBS said a rogue trader lost the company $US2 billion ($A1.95 billion). The euro jumped over the $US1.39 level for the first time ... |
| | | | ... Intesa Sanpaolo dropped 6.96 per cent to 1.029 euros. In Switzerland, Credit Suisse fell 8.13 per cent to 19.99 francs and UBS lost 6.52 per cent to close at 10.32 per share. Spain's Santander fell 5.94 per cent to 5.766 euros. HONG KONG - Asian markets ... |
| | | | ... business," said Nicholas Busst, investment analyst, Zenith. Campbell and Bendeich established the joint venture after leaving the UBS Small Companies Fund, which has been assigned a three start rating by Standard & Poor's. Prior to their departure the ... |
| | | | ... ING Select Leaders Trust and ING Alpha Plus Australian Share Fund were both downgraded from Recommended to Fund Watch, after UBS Global Asset Management said it would buy ING Investment Management subject to Dutch Central Bank approval. "At this stage ... |
| | | | ... as fund managers and hedgers priced in interest rate cuts. Anne Anderson, head of fixed income global asset management for UBS, said the three-year Australian government bond (expiry June 2014) closed last night at 96.14 with a 3.85% yield. By 10am this ... |
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