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UBS, the embattled Swiss bank, has hired Rajeev Misra to run its credit business. Misra has been out of investment banking since June 2008. He was widely reported to be starting a hedge fund and spent several months working at London-based fund TCI. For many years, Misra ran credit at Deutsche Bank, and was regarded as one of the leading bankers in structuring credit and managing proprietary credit risk before the crunch came. He will join UBS at some point in the summer.
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