UBS London Loses FX Manager, Three Others; Bank Officials Cite 'Breach Of Procedures'

BANKS

Three senior foreign exchange traders and a middle-office clerk left Union Bank of Switzerland in London last week after what bank officials called a "breach of internal procedures." The traders were UBS's London foreign exchange manager, Chris May, its forwards chief, David Tresadern, and senior Ecu forwards dealer Barry Johnson, according to market sources. The clerk, according to some sources, was involved in reconciling profit-and-loss statements for the dealing room, but has not been

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: