Friday, 29 May 2015
Last updated 13 min ago
May 11 2012 | 11:56am ET
UBS' fund administration business is coming to America.
UBS Fund Services will open its first office in the U.S. on July 1. The New York base will actually be the group's third in North America, after Toronto and the Cayman Islands. Some professionals from the latter will be transferred to New York; the new office will also recruit.
The office is the result of demand from clients, HFMWeek reports, who wanted a local presence for their administration. It's also only UBS' first foray into the U.S.; the firm plans to hire business development pros in Texas and on the West Coast.
UBS' move into the U.S. market follows its expansion to Asia last year, with offices in Hong Kong and Singapore.
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…