UBS Special Situations Chief Plans Hedge Fund

Oct 23 2012 | 1:38pm ET

UBS' top special-situations executive has left the bank to launch a hedge fund.

Cesar Gueikian will set up the new venture with Andres Scaminaci, a former colleague, Bloomberg News reports. The hedge fund will focus on special situations and credit opportunities.

Gueikian has been with UBS since 2009 and most recently served as global co-head of its special-situations group. Scaminaci was one of his deputies until August, when he left his post as head of special situations for the Americas.

Gueikian's co-head, Theo Constandtinidis, will now take sole control over the special-situations group at UBS.

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