UBS targets yen flows with forex hiring spree

The Swiss bank is building strength in its Japan foreign exchange team as yen flows buck the declining global trend.

UBS targets yen flows with forex hiring spree
UBS: re-establishing itself in FX (AFP)

UBS has made a series of senior hires and internal promotions on its foreign exchange desk in Tokyo as it seeks to capitalise on Japan’s resilient currency flows.

“UBS is re-establishing itself as a global leader in foreign exchange,” according to an internal email sent last week by Lutfey Siddiqi, Asia-Pacific head of corporate coverage and FX distribution within fixed income, currencies and commodities Ficc, and Joe Etheridge, who was recently appointed head of...

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