Andrew Sinclair, executive director of Asian prime brokerage at UBS has resigned. Sinclair has spent four years with UBS based in Hong Kong and was one of the first people the firm brought on the ground in Asia to build up its regional prime brokerage business from scratch. Sinclair led UBS' sales and marketing effort, which saw the firm's regional hedge fund accounts rise from zero to 40.
Sinclair's departure is a second blow to UBS' regional prime brokerage team, which earlier this month saw the resignation of regional equity finance head and 11-year UBS veteran, Richard Johnston. Industry participants had earlier predicted that Sinclair was a likely candidate to take over...
