The changes continue at UBS, with the Swiss Bank shaking up its cash equities and equity derivatives franchise, adding veteran recruits and shuffling senior bankers.
A person familiar with the situation set out the changes, which involve an internal reorganisation, while two new senior hires will join next month.
The new recruits are Vikesh Kotecha, who becomes Asia-Pacific head of equity derivatives and Stephane Petermann, named head of equity volatility trading.
Kotecha will lead the derivatives business, which includes structured and over-the-counter products such as options and warrants, as well as exchange-traded funds, among others.
An equity derivatives specialist...
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