Sunday, 21 September 2014
Last updated 1 day ago
May 2 2011 | 12:59pm ET
UBS is facing a major shakeup of its prime brokerage with the departure of a second top executive in as many weeks.
Ashley Jarvis has resigned as Hong Kong-based global head of business and capital consultancy, Reuters reports. Jarvis left the firm at least a week ago, his exit quickly following that of Asia-Pacific prime brokerage chief David Gray.
Jarvis had served in his most recent position for less than a year, having been named to the job in June. He reported to Gray.
It is unclear whether Gray's exit played a role in Jarvis', or indeed why Jarvis left at all. His future plans are also unclear. UBS last week named Tim Wannenmacher, formerly of Nomura Holdings' prime brokerage, to replace Gray.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.