China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

EuromoneyFXNews.com

EuromoneyFXNews.com

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October 2009

FX: UBS beefs up


This story was first published on theweeklyFiX, for more details please click here

UBS appears to be once again expanding its FX business with a series of senior appointments. Chris Vogelgesang, who spent 13 years at Merrill Lynch in senior roles before taking a break from the industry, has joined as global co-head of FX. Vogelgesang, who will be based in Zurich and report to Dimitri Psyllidis, shares the role with Singapore-based Arie Adler, who continues as head of FICC, Asia ex-Japan. Electronic trading pioneer Simon Wilson-Taylor, who left his role as head of State Street’s Global Link division in January, has also joined the bank as managing director and global head of e-commerce. He reports to Fabian Shey and is based in Stamford, Connecticut. UBS has also poached Andy Durrant from the CME in the new role of head of e-marketing in Europe. He will be based in London and report to Julian Wantling, co-head of FICC distribution, EMEA, as well as to Simon Wilson-Taylor.


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