UBS prime brokerage suffers executive exodus

Last year UBS increased its prime brokerage business by 30%, but not everyone felt rewarded.

Katrina Dean Allen March 31, 2011

Until recently, it appeared that UBS’s global prime brokerage business was staging a comeback after having been badly hurt in 2008 during the market collapse. But a recent exodus of senior-level staff, including the firm’s prime services co-chief Stu Hendel, has bank insiders

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