ubs-creates-agriculturals-teams-to-cover-commodities

UBS creates agriculturals teams to cover commodities

In an effort to expand its agricultural coverage, UBS harvests people from Australia.
UBS Investment Bank announced yesterday the creation of a new agriculturals team within its commodities business. It will focus on the provision of risk management solutions in soft commodities, grains and fibres to institutional investors and corporate clients.

ôWe have seen increasing demand from our clients for investing in and hedging exposure to commodities. During the course of the last 12 months, we have dedicated a significant amount of resources to the further build up of our commodities franchise and the creation of an agricultural derivatives business is a key part of our growth strategy,ö explains Peter Ghavami, global head of commodities.

The business, which will be operational in the second half of 2007, will...
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