UBS Hires Three From BarCap For Electronic Currencies Trading

28th Jul 2010 15:35

LONDON (Dow Jones)--UBS AG (AG) has hired three people to bolster its electronic currencies trading business, the firm said Wednesday. The new hires previously worked at Barclays Capital (BARC.LN) and will join in October, based in London, the bank said. Barclays Capital declined to comment. Chris Purves joins as the global head of electronic trading for foreign exchange, Mark Meredith will be the head of foreign-exchange electronic trading quantitative analytics, and Parwinder Sekhon will be the head of foreign-exchange electronic trading infrastructure. The new staff at UBS will report to Chris Vogelgesang and Arie Adler, co-heads of global foreign-exchange trading, the bank said. UBS is the world's second-biggest bank in the currencies business, according to the benchmark Euromoney survey, with Barclays Capital closely behind in third place. The electronic foreign exchange-trading business at Barclays Capital is very highly regarded within the industry. By Katie Martin, Dow Jones Newswires; 44 20 7842 9346; [email protected] (END) Dow Jones Newswires July 28, 2010 10:35 ET (14:35 GMT)