UBS Centralises Forex Management In Asia Moving Regional Boss Rosasco To Singapore
BANKS
Union Bank of Switzerland has simplified its Far East management, combining its current two regions into one under Tokyo manager Mark Rosasco, who will move to Singapore.
According to Daniel Schwitter, global manager for currency products, the bank decided that its previous structure with two regions, Tokyo and South East Asia, was inefficient, especially since the bulk of its FX trading takes place in Singapore (FXW, January 30).
The bank's desks in Tokyo, Hong Kong, Taipei and Sydney will now
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