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

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...