UBS bulks up prime-broking team in Hong Kong

There are more new prime-broking hires to report at UBS in Hong Kong, and they nearly finalise a revamp of that business in Asia. The bank is duplicating its European model in Hong Kong, which has focused on large hedge funds and premium new launches. In doing so, it has moved away from its erstwhile tactic of also taking on board smaller start-ups. Avijit Choudhury will join the desk as a director on the systems side. He used to work at Bloomberg and, before that, had a career in por…