The overhaul of UBS’s securities business gathered pace in March as two of the stalwarts of the Swiss bank’s foreign exchange business left the firm.
Arie Adler lost his position as global co-head of foreign exchange. His co-head, Chris Vogelgesang, remains in place. George Athanasopoulos, the global head of FX distribution, additionally assumes Adler’s old role.
Adler took on his global FX job in 2009 while also running FICC in Asia. He relocated to the US in early 2010.
Another architect of UBS’s consistently top-three position in Euromoney’s global FX rankings is also leaving the firm.
Shey away
Fabian Shey has worked for 20 years at UBS and Swiss Bank Corp, becoming global head of FX distribution in 2004 and co-head of foreign exchange and money markets in 2007.
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