Monday, 6 July 2015
Last updated 7 hours ago
Apr 26 2011 | 11:43am ET
UBS has lost its Asia-Pacific prime brokerage chief, David Gray.
Gray, who has spent the last 17 years with the Swiss bank, has left the firm, UBS said. It is unclear what his future plans are.
Gray will be replaced by Nomura Holdings' Tim Wannenmacher. Wannenmacher was head of global prime services at Nomura. He formerly served as head of prime brokerage in Asia at Lehman Brothers, whose Asian and European businesses Nomura acquired in 2008.
"Tim brings with him a wealth of experience and was instrumental in building out the prime services business for both Lehman and then Nomura in terms of revenue, product and breath of coverage," UBS said in an internal memo.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…