UBS man sets up shop

Before the break-up of the USSR, a tale was often told of two old men sitting on a bench in front of the Winter Palace in Russia’s second city. “Where were you born?” asks the first, “St. Petersburg,” the second replies. “Where did you grow up?” “Petrograd.” “Where do you live now?” “Leningrad.” “Where would you like to live?” “St Petersburg.”

Lorenzo Weisman, the outgoing head of Latin American corporate finance at UBS Warburg, is in a similar position.