Bank Of Montreal Raids UBS London In Push For Stronger European Role
BANKS
Bank of Montreal (BMo) is setting its sights on Europe and to spearhead the effort has just hired a half-dozen traders and salesmen, including five from Union Bank of Switzerland (UBS) in London. Reduced operating costs are primary to the bank's decision to invest and grow the business from the London branch, according to senior vice president of treasury, Philip Wilson.
The hires from UBS include two from the spot desk and three corporate dealers: cable trader Steve Timcke is now BMo's new chief
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