UBS's corp sales head to depart

FRONT PAGE NEWS

Peter Beaumont, Sydney-based global head of corporate FX at UBS, is leaving the bank. Beaumont will be replaced by Stephane Treny, who the Swiss bank named global head of FX, corporates - a promotion from his previous role of head of European FX corporates. Treny is based in London and reports to Fabian Shey, global head of FX distribution.

Although UBS declined to comment on Beaumont's departure, sources close to the bank said he is leaving forex and probably the industry altogether. Prior to

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