I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial
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May 2008
by Lee Oliver
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UniCredit Markets and Investment Banking has hired Xavier Alexandre as its head of e-commerce and electronic trading for FICC. The bank has yet to finalize the reporting lines for this new position. Alexandre will be based in London.
Essentially bonuses were measured against gross revenue after personnel costs, with no formal account taken of the quality or sustainability of those earnings.
Shareholder Report on UBSs Write-Downs
