Thursday, 24 July 2014
Last updated 12 min ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…