SBC's Siciliano Named Head Of FX & Rates For Planned United Bank Of Switzerland

BANKS

The planned merger of Swiss Bank Corporation (SBC) and Union Bank of Switzerland (UBS) could potentially displace Citibank as the world's largest bank in terms of FX trading revenues.

However, in terms of staff and culture, one-plus-one does not necessarily equal two, and market participants say the new United Bank of Switzerland's London-based investment banking operation, Warburg Dillon Read, is likely to look a lot like the current SBC Warburg Dillon Read under global head of FX and rates