UBS Group Hires Hedge Fund Sales Chief, SAC Vet

Aug 12 2009 | 2:55am ET

As it rebuilds its troubled fixed-income, currencies and commodities group, UBS is looking to the hedge fund world, both for talent and for business.

The investment bank has made more than 20 senior hires for the trading and sales team, Financial News reports, including that of Dimitri Psyllidis, among the top fixed-income salesmen in Europe, from Merrill Lynch. UBS certainly hopes that the major push will attract the attention of hedge funds, and has hired Chris DeMarco to make sure it does.

DeMarco, a Merrill and Bear Stearns veteran, has been named senior client relationship director for hedge funds.

UBS has also hired Jim Lanzilotti from SAC Capital Advisors. Lanzilotti serves as head of Latin American foreign exchange and interest rates.


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