The future of two of the stalwarts of UBS’s foreign exchange business is in doubt as the Swiss bank continues the overhaul of its securities division within its investment bank.
Euromoney understands that Arie Adler, the global co-head of foreign exchange, is no longer in that role and is expected to leave the firm. His co-head, Chris Vogelgesang, remains in place. George Athanasopoulos, the global head of FX distribution, also assumes Adler’s old role.
Adler took on his global FX role in 2009 while also running FICC in Asia.
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