UBS Global Asset Management
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UBS reaches $17.5 million settlement on investment strategy change
trueUBS will pay $17.5 million to settle charges that two of its advisory firms failed to disclose a change in investment strategy to investors, who will receive $13 million of the settlement.
DOL cracking down on exemptions
trueProphecies of a tougher Department of Labor when it comes to exempting asset managers with a parent company in legal trouble started coming true this summer.
UBS Global Asset Management appoints global distribution head
trueWilliam Kennedy was named global head of distribution at UBS Global Asset Management, a company spokesman said.
Clients view money managers apart from tainted parents
trueBanks' admitted wrongdoing seems to have little to no effect on clients of their asset management businesses.
Credit Suisse gets temporary asset manager exemption from DOL
trueThe Department of Labor is deferring a final decision on Credit Suisse’s bid for permission to continue providing asset management services to retirement plans, after its banking entity pleaded guilty to helping U.S. citizens avoid taxes overseas.
UBS Global names U.S. senior asset allocation strategist from Mesirow
trueNathan Shetty was named U.S. senior asset allocation strategist at UBS Global Asset Management, an internal memo to employees obtained by Pensions & Investments said.
UBS hires global chief for development
trueKevin Lecocq was appointed global head of products at UBS Global Asset Management, a spokesman said.
BlackRock appoints head of multiasset strategies for Asia Pacific
trueEdward Bang joined BlackRock on Tuesday as head of multiasset strategies Asia Pacific. Also, Andrew Landman, Sydney-based head of institutional client businesses, has taken on the added role of head of the firm's alternatives investment strategy group for the Asia-Pacific region.
CalPERS enters into infrastructure partnership with UBS
trueThe California Public Employees' Retirement System, Sacramento, committed $485 million to a new partnership between the retirement system and UBS Global Asset Management, which will pursue infrastructure investments in core markets.
UBS hires head of liquidity for EMEA
trueJames Finch joined UBS Global Asset Management as head of global liquidity management in Europe, the Middle East and Africa, a spokesman said.
UBS taps former BlackRock GTAA managing director
truePhilip Brides was named senior portfolio manager for asset allocation and currency in the U.S. at UBS Global Asset Management.
UBS Global Asset Management names new Asia-Pacific head
trueRene Buehlmann was appointed as the next head of the Asia-Pacific region for UBS Global Asset Management, according to an internal UBS memo obtained by Pensions & Investments.
UBS Global adds pension risk management head
trueRobert Guzman was named managing director and head of pension risk management at UBS Global Asset Management.
UBS Global assets steady in 2013
trueUBS Global Asset Management reported 583 billion Swiss francs ($644.1 billion) in assets under management as of Dec. 31, up 1% from the end of the previous quarter and flat compared with a year earlier.
UBS Global Asset Management taps Lazard veteran to lead Tokyo office
trueKeiichi Miki joined UBS Global Asset Management in Tokyo as representative director and president of UBS Global Asset Management Japan.