Monday, 23rd November 2009

 
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10 July 2009 - Jason Corcoran in Moscow

UBS promotes for equities and structured products

The head of emerging European equities at UBS has been promoted to a newly-created role as dedicated co-ordinator for structured products and equity capital markets for Europe and the US.

In a memo to clients, UBS said the promotion of Tulga Cordan was prompted by the growing importance of corporate financing for the bank’s franchise customers.

Cordan will act as a liaison between the bank’s structured products business RMP and equity capital markets.

Cordan, who been with UBS for eight years in a number of roles in specialist sales and sales trading, will site on the bank’s loan review group for both regions in addition to acting as liaison to ECM.

Additional responsibilities will include sitting on the equity global client committee and assisting the capital commitment team.

Cordan joined UBS from ABN Amro in 2001, where he had been a top-rated equity analyst.

UBS said there was nothing to announce yet regarding Cordan’s successor as head of emerging European equities.

Tags: Russia

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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