Thursday, 25 December 2014
Last updated 19 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.