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LONDON May 18 (Reuters) - Nick Reid is stepping down as co-head of European, Middle Eastern and African investment banking at UBS, according to a memo seen by Reuters, to spend more time with clients as the firm seeks to rebuild its market share.
May 18, 2012 at 15:29 | Source: Reuters
UBS AG (UBSN) will combine the back offices of its wealth management and investment banking divisions on July 1, Handelszeitung reported, citing an internal memo to staff and Andreas Kern, a spokesman for the bank. Ulrich Hoffmann, currently ...
May 22, 2012 at 17:47 | Source: Bloomberg
Shaikh Mesha'al said he had "enjoyed interacting" with two executives including Omar Al Salehi, a UBS managing director and vice chairman of investment banking for the Middle East and North Africa. Al Salehi then invited Shaikh Mesha'al to apply for a non ...
May 27, 2012 at 20:33 | Source: Gulf News
the Swiss investment bank said in court filings. UBS was awarded the contract to be Zain 's lead adviser on the deal in February 2010, and earned a $22.5 million fee for its work, the defense says. In response, Sheikh Meshal said that while he met with the ...
May 27, 2012 at 18:39 | Source: Zawya.com
This case over unauthorised trading and an illegal offshore investment vehicle created in 2007 for a prominent Indian family business has kept UBS in the headlines since it was forced to pay an £8m FSA fine for inadequate controls three years ago.
May 23, 2012 at 02:58 | Source: Financial Times
UBS Investment Bank has rolled out a pair of ETRACS Exchange Traded Notes linked to the Dow Jones U.S. Select Dividend Index and the S&P High Yield Dividend Aristocrats Index. Like what you see? Click here to sign up for On Wall Street's daily ...
May 24, 2012 at 13:06 | Source: On Wall Street
A former UBS banker has been banned from the UK financial services industry for conducting nearly $30bn in “unauthorised” trades and establishing an illegal offshore investment vehicle for one of India’s largest companies. On Monday a London tribunal ...
May 20, 2012 at 23:55 | Source: Financial Times
The case focused on risk-management failures at the bank years before Kweku Adoboli, a former trader at UBS’s investment bank, was accused of causing $2.3 billion in losses through unauthorized trading. Adoboli, who was charged last year with ...
May 21, 2012 at 12:26 | Source: Businessweek
UBS Investment Research raises its rating on Cepheid (NASDAQ: CPHD) from Neutral to Buy and lifts its price target from $44 to $45. UBS Investment Research says, "We are upgrading CPHD to Buy from Neutral, as a ~16% decline in shares since 3/26 (vs.
May 15, 2012 at 14:42 | Source: Benzinga
Jolliffe will work closely with existing local business and country heads as well as other senior officials across the investment bank and wealth management business. These include Paul Raphael, who runs UBS's emerging markets wealth management ...
May 15, 2012 at 09:42 | Source: Reuters UK