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Foreign Exchange

UBS makes slew of hires in FX sales

UBS has hired Nomura’s former head of hedge FX sales, Louis Curran, and three others into its global FX sales force, according to two people familiar with the matter.

Curran, who left Nomura in March after a series of cost-cutting measures, joins UBS as head of institutional FX sales in Asia. Based in Singapore, Curran will be responsible for overseeing the bank’s FX distribution to real-money and leveraged clients in Asia. He will report to Lutfey Siddiqi, head of FICC corporate coverage and FX distribution for Asia-Pacific.

In other news, Ed Popham-Holloway has been hired for the UK systematic hedge fund sales desk, reporting to Mike Bichan – head of London FX distribution at UBS. Popham-Holloway was formerly on the hedge fund FX sales desks at Société Générale and, before that, Lehman Brothers.

Meanwhile, it is understood Jarle Veierod has left his position as head of corporate and institutional FX sales at Royal Bank of Canada and will join UBS’s northern European FX sales team.

Gustaaf Eerenstein is also understood to have joined the Swiss bank’s MENA sales team, having come from South Africa’s Sanlam.

UBS ranked fourth in Euromoney’s 2012 FX Survey with a market share of 10.47%, moving down one place as a result of Citi’s leapfrog from fourth to second. In Asia, UBS are ranked fifth, unchanged from last year, and with a market share of 5.76%.

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