Union Bank of Switzerland's TJ Lim has "decided not to take up his designated post" as head of rates, derivatives and structured products for the new United Bank of Switzerland, according to an official. He will remain at UBS for the time being however, to assist with the integration process, according to the official. His responsibilities are being split between two people--Tim Fredrickson, currently managing director of interest rates at Swiss Bank Corp in Singapore, will head global rates

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