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Former UBS Exec Joins DE Shaw

Apr 01, 2014
Jing Chen

D.E. Shaw has recruited a former UBS executive to join the New York-based hedge fund giant.

Financial News reported that Stephan Michel, who left UBS in November as head of its non-core and legacy for Europe, Middle East and Africa, joined DE Shaw in mid-March. He is responsible for assisting on credit opportunities.

Earlier in Michel’s career, he worked at structured credit asset manager Cairn Capital as a chief risk officer until he joined UBS in 2008 as a managing director.

With about $32 billion in assets under management, D.E. Shaw uses sophisticated trading models to buy and sell assets.


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