Spence arrives at Warburgs

UBS Warburg has further upgraded its equity research team with the hire of James Spence.

The witty Scot will look after micro-strategy research – a process which takes a bottom up approach to stocks – and also have responsibility for hedge funds. He joins from HSBC, where he had a similar role.

He joins Warburgs after a three-month period of gardening leave that has seen his golf handicap improve markedly.

His hire is further evidence of Warburg’s effort to upgrade its research, and is the firm’s fifth major hire this year. UBS Warburg was second in the recent Institutional Investor magazine Asian research poll. Given recent reorganizations in top-ranked Merrill Lynch’s Asian research team, UBS Warburg hopes to topple the US firm in the coming year.