UBP Hedge Fund Advisory Chief, Ex-Alts. Head Out

Jun 17 2010 | 12:11pm ET

Union Bancaire Privée’s former head of alternative investments has left the firm.

Jan-Erik Frogg led the firm’s alts. practice through the Bernard Madoff scandal; UBP clients lost more than US$700 million in the Ponzi scheme. But Frogg was demoted last year to head of hedge fund advisory, with UBP bringing on Richard Wohanka as its new head of asset management and alternative investments to pick up the pieces.

UBP also planned to move most of its hedge fund business to New York from London and its Geneva headquarters, where Frogg was based.

Frogg's departure was first reported by Bloomberg News.

It is unclear what plans Frogg may have. He joined UBP from Agora Capital Management in 2004 after a stint at Goldman Sachs.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note