UBS Hires Fund Of Funds Chief, Hong Kong Cap. Intro Specialist

Sep 8 2010 | 12:24pm ET

UBS has made a pair of key hires in for its fund of hedge funds and Asia prime brokerage teams.

The Swiss bank has brought back Bruce Amlicke to head its Alternative Investments Solutions fund of funds unit. Amlicke helped found the US$20 billion unit during his first stint with UBS and its O’Connor & Associates; he left UBS in 2004 to join the Blackstone Group.

Amlicke left Blackstone early last year. In addition to leading AIS, he’ll serve as co-chief investment officer of UBS Global Asset Management with Rick Nardis. Current co-CIO William Brown has taken on a hedge fund research role.

At Blackstone, Amlicke was CIO of Blackstone Alternative Asset Management.

UBS has also hired Stephen Pak to lead its Asian capital introduction efforts. Pak joined the firm this week from Credit Suisse’s alternative investments division. He has returned to Hong Kong from the U.S., where he was based for Credit Suisse since last year.

Pak was named head of regional capital introduction at UBS’s Asia prime brokerage.

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