UBS IT Veteran Joins DTCC The Depository Trust & Clearing Corp. (DTCC) has hired an IT management veteran from UBS Christopher M. Behney as managing director, head of enterprise production assurance (EPA) and head of DTCC’s Dallas, Texas office, officials say. Behney will report to Robert E. Garrison, the managing director and chief information officer… Read More >>
UBS to Cut 10,000 Jobs as SIFMA Board Elects Officers
UBS to Cut 10,000 Employees by 2015 Swiss banking giant UBS will be cutting its work force by 10,000 over the next two years as it moves away from its less lucrative fixed income business, and attempts to transform itself into “the UBS of the future,” officials say. “By concentrating on its traditional strengths in… Read More >>
Welcome to Clawback Season
In theory, we are in bonus season. But it’s looking more like clawback season as banks give bonuses more in line with performance. A case in point is UBS, which for the first time in its history is taking back part of the bonuses slated for its investment bankers, according to a report in the… Read More >>
