UBP Loses Alternatives Research Chief Morgan

Mar 18 2011 | 12:18pm ET

John Morgan, head of alternative investment research at Union Bancaire Priveé, is taking a break.

Morgan, who joined the Swiss bank less than two years ago, resigned to take a break from the industry, Financial News reports. He formerly worked as head of hedge funds at Barclays Global Investors.

Morgan's exit is just the latest to hit UBP since it was revealed to be among the biggest losers in the Bernard Madoff Ponzi scheme. The bank, once one of the largest fund of hedge funds firms with more than US$42 billion in assets, now manages just US$14 billion. Last year, UBP saw the departures of head of alternatives Jan Frog, head of hedge fund advisory Roger Bacon, head of U.K. institutional business Phelim Bolger, U.S. asset management CEO Matthew Stadtmauer and Chief Investment Officer Sara Sprung.

UBP said that David Biase would take over for Morgan, while remaining head of asset allocation.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...