UBS loses three in sales
In London, UBS was dealt a double blow, with the resignations of Jacqueline Steel, a hedge fund salesperson, and Johan Holmstrom, also in hedge fund sales. Both reported locally to Sally Francis, head of institutional FX sales, and Mike Bichan, head of FX sales.
Steel is rumoured to be joining Bank of America Merrill Lynch (BAML) in London, an unsurprising move considering BAML's current positive hiring trend. She has previously worked at Calyon in New York, where she was head of FX hedge fund
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