ADVFN - Advanced Financial Network.
HOME» NYSE » U » UBS Stock Price » UBS Stock News

Ubs Share News

 Ubs Ag (switzerland) Stock Price
UBS Stock Price
 Ubs Ag (switzerland) Stock Chart
UBS Stock Chart
 Ubs Ag (switzerland) Stock News
UBS Stock News
 Ubs Ag (switzerland) Company Information
UBS Company Information
 Ubs Ag (switzerland) Stock Trades
UBS Stock Trades

UBS Hires Ex-Deutsche Bank Credit Derivatives Salesman Rorech

By Katy Burne Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- UBS AG (UBS) has hired Jon-Paul Rorech, the bond and credit derivatives salesman who while at Deutsche Bank AG (DB) was the subject of the Securities and Exchange Commission's first case involving credit default swap insider-trading charges. Rorech, who left Deutsche Bank recently to take up the newly created role at UBS, was vindicated in June after a federal judge dismissed the case on the grounds that there was insufficient evidence to support the SEC's allegations. He is set to start in early August as a managing director in hedge fund credit sales, reporting to Joseph Stewart, co-head of credit sales for North America at UBS. Stewart confirmed the hire via a spokesman, but otherwise declined to comment. Attempts to reach Rorech through his former defense attorneys at law firm Goodwin Procter were unsuccessful. An SEC spokesman said the agency would "continue to consider its options" in regard to appealing the judge's decision. A Deutsche Bank spokeswoman declined to comment. Rorech had been accused of passing material information about the nature of a forthcoming $1.6 billion bond offering by Dutch publisher VNU to Renato Negrin, a senior official at hedge fund Millennium Partners LP. Negrin allegedly used that information to make a $1.2 million profit from credit default swaps tied to VNU, now Nielsen Co. Deutsche Bank was advising on the bond sale. The defense insisted that market participants had begun speculating about the structure of the bond offering and that any information learned about changes to the deal was not considered non-public, nor was any inside information passed between the accused officials. In an internal investigation, Deutsche Bank also said it found no evidence of wrongdoing. The SEC said the two relevant conversations between the pair happened on unrecorded cellphone lines. -By Katy Burne, Dow Jones Newswires; 212-416-3084; [email protected]

Stock News for Ubs (UBS)
DateTimeHeadline
02/20/201701:00:00Northern Trust to Acquire Fund Services Units of UBS in Luxembourg...
02/17/201710:00:00UBS declares quarterly coupon payments on Exchange Traded Notes:...
02/14/201716:15:11Amended Statement of Ownership (sc 13g/a)
02/14/201714:14:28Form 13f Holdings Report (13f-hr)
02/03/201710:00:00UBS Declares Coupon Payments on 10 Monthly Pay ETRACS Exchange...
01/27/201707:19:31Report of Foreign Issuer (6-k)
01/27/201707:08:03Report of Foreign Issuer (6-k)
01/27/201706:24:15Report of Foreign Issuer (6-k)
01/27/201700:45:00UBS 4Q Adjusted Profit before Tax; CHF 1.1 Billion, up 47% YoY
01/18/201708:00:00UBS Investor Watch Report Reveals Soaring Investor Optimism Overall...
01/13/201718:03:00NOTICE TO UBS PUERTO RICO CUSTOMERS: Klayman & Toskes Files $8.5...
01/09/201703:02:00Big Lenders to Raise China Stakes -- WSJ
01/08/201709:42:00Morgan Stanley and UBS to Increase Stakes in Mainland-China Joint...
01/08/201709:21:00Morgan Stanley and UBS to Increase Stakes in Mainland-China Joint...
01/06/201712:00:00UBS Declares Coupon Payments on 19 ETRACS Exchange Traded Notes
12/30/201610:00:00Announcement on UBS ETRACS ETNs
12/22/201614:59:40Securities Registration: Employee Benefit Plan (s-8)
12/22/201614:54:39Securities Registration: Employee Benefit Plan (s-8)
12/20/201611:12:00World's Largest Trading Floor Put on the Block
12/15/201608:56:00Credit Suisse Hires New Stock-Trading Head from UBS -2nd Update

Ubs and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US