UBS Restructures Asia-Pacific FX Operations, While Building Singapore As Regional Centre

BANKS

Union Bank of Switzerland (UBS) is in the midst of restructuring its forex division throughout Asia and is beefing up its regional headquarters in Singapore in a bid to increase the bank's standing in the region, according to Richard Silver, the bank's new regional forex head for trading and sales based in the city-state.

Silver, who transferred to Singapore from New York as the new FX head about three weeks ago (FXW, May 5), says that in addition to new hires, the bank will transfer selective

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