Business
UBS ‘will rebuild’ after Barrenjoey Bloody Monday – The Australian Financial Review
UBS has pledged to rebuild its research and investment banking team after a ‘Bloody Monday’ raid on its top analysts and traders by upstart Barrenjoey.
But UBS co-head of Australasia Nick Hughes said the local division had the backing of its Swiss-based global parent to defend its spot as the countrys top investment bank.
UBS Australasia co-heads Anthony Sweetman, left, and Nick Hughes must rebuild UBS research team after a raid by Barrenjoey. Ryan Stuart
Were absolutely committed to rehiring and maintaining our position as the pre-eminent investment bank in the Australian marketplace, Mr Hughes said.
Weve got the global support and commitment…
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