By Katy Burne
UBS AG (UBS, UBSN.VX) has made senior management changes in its
fixed-income, currencies and commodities unit, including the
appointment of Matthew Zola as sole head of FICC in the Americas ahead
of the departure of regional co-head Eric Rosen.
The leadership shuffle, detailed in an internal memo seen by Dow Jones
Newswires, was announced internally Tuesday by Roberto Hoornweg and
Rajeev Misra, global co-heads of the Swiss banking company's
fixed-income, currencies and commodities division.
Mr. Zola will retain his existing title as global head of FICC
distribution and structuring in addition to serving as sole head of
FICC in the Americas, reporting to Mr. Hoornweg and Mr. Misra. Mr.
Rosen is set to leave the firm in September, according to the memo.
Separately, Philip Olesen will relocate from London, where he is
global risk manager for the FICC unit, to become head of credit
trading in the Americas. Mr. Olesen had previously served as risk
manager for credit flow trading in the U.S. and head of U.S.
investment-grade credit research.
Write to Katy Burne at katy.burne@dowjones.com
(END) Dow Jones Newswires
August 21, 2012 15:29 ET (19:29 GMT)
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