UBS Reorganises European FX Sales As Part of London-Zurich Shake-Up

BANKS

Union Bank of Switzerland has reorganised its European FX sales effort as part of a general shake-up that has taken place at the bank over the past few months, officials confirm. Global head of treasury Daniel Schwitter says that non-U.K. corporate sales have now been centralised in Zurich under former Swiss Volksbank treasurer Marcel Arzner, who joined the bank earlier this year.

This move means that corporate customers in Scandinavia, Belgium and Spain who previously dealt through the bank