They do not expect Dodd-Frank rules requiring disclosure of past offences to impact the industry, but are urged to familiarise themselves with US law before a September deadline.
Tag : ubs
Lombard Odier unveils new hires, Rothschild taps UBS pro, Asia Frontier bolsters HK office, Nikko AM names marketing head, Simmons & Simmons poaches from Sidley Austin.
Relative value managers raced to short their Treasury positions after the US Fed hinted at tapering in May, borrowing from the repo market. But demand saw hedging costs spiral.
UBS Global Asset Management has appointed exchange-traded funds veteran Sammy Yip in a newly created role as it seeks to build out its ETF business.
HSBC becomes the latest global custodian to offer broker outsourcing services to top-tier broker-dealers. But some analysts say smaller brokers would gain more from these services.
Citi and UBS have created a post-trade processing solution which offers middle-office, clearing and settlement services, and removes the need for brokers to have a post-trade infrastructure.
The firm has been given a HK$1.6 million penalty for breaching a stock position limit on one of its client's accounts.
Asian investors are increasingly using single-dealer e-trading platforms that they say offer anonymity and spread improvement, rather like dark pools for equities.
