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UBS Promotes Prime Brokerage Exec

Aug 19, 2013
Jing Chen

Swiss banking giant UBS has promoted Chris Hagstrom to head of prime brokerage for the U.S. where he will be responsible for overseeing services for hedge funds.

In the newly-created role, Hagstrom, who previously led the U.S. prime brokerage sales for the bank, will work with regional and global sales and product managers and oversee prime brokerage sales, capital introduction, business consulting services, equity finance sales and client services for the unit, according to an internal memo obtained by eVestment

Prior to his nine-year stint at UBS, Hagstrom worked at investment bank SG Cowen Securities Corp.

UBS is the largest bank in Switzerland, and has presence in more than 50 countries.

Sources:

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