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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
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- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
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- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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UBS Hires BofA Executive
Mike Stewart, co-head of global equities at Bank of America, accepted an offer to become co-head of global securities and head of securities in the Americas for UBS AG. Mr. Stewart, 42, joined Merrill Lynch from Charles Schwab in 2003. After BofA took over Merrill Lynch, he was named co-head of global equities.
At UBS, Mr. Stewart will be global equities co-head along with Francois Gouws. He replaces Yassine Bouhara, who will become CEO of emerging markets for the investment bank. Mr. Stewart will be based in New York and Stamford, Conn., and report to Carsten Kengeter, the chief of the investment bank.
Hit with defections, UBS, Switzerland’s largest bank, has been working hard to rebuild its investment banking business at a time when new rules and regs are on the rise and financial firms are cutting back or holding the lines of compensation and other costs. [DealBook, 7/29/11]

