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Showing 741 - 750 of 1121 results for "UBS"

PIMCO appoints new vice president

CLAIRE MCGREAL  |  WEDNESDAY, 5 OCT 2011
... 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 retains OptiMix as it closes ING IM deal

MATT WOODINGTON  |  WEDNESDAY, 5 OCT 2011
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 ...

UBS CEO resigns over rogue trading scandal

RACHEL DAVIS  |  MONDAY, 26 SEP 2011
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 ...

INGIM cuts jobs before takeover

ELISE BURGESS  |  WEDNESDAY, 21 SEP 2011
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 ...

UBS $2bn rogue trader in custody

RACHEL DAVIS  |  FRIDAY, 16 SEP 2011
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 ...

Market Wrap - Morning

AAP  |  FRIDAY, 16 SEP 2011
... 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 ...

Market Wrap - Morning

AAP  |  TUESDAY, 6 SEP 2011
... 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 ...

Bennelong and Legg Mason get ratings boosts

MATT WOODINGTON  |  FRIDAY, 2 SEP 2011
... 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 ...

SMAs drive interest into concentrated Australian equity funds

ALISON BEVEGE  |  FRIDAY, 2 SEP 2011
... 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 ...

Stocks in freefall on recession fears, banks cut mortgage rates

ALISON BEVEGE  |  TUESDAY, 9 AUG 2011
... 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 ...