UBS's Stadelmann set to relocate

He added that the move reflects the growing level of business coming from Asia. "The move is an acknowledgement of the fact that Asia is becoming a more important part of our business. The risk management team has three hubs, one in Zurich, one in London and another in Singapore, and this move will help us get a better spread globally."

Stadelmann, who is also a member of the UBS Investment Bank Board, reports to global head of FXCCT, Andy Amschwand.