Merrill Global FX Head Lim Jumps To UBS To Head FX And Fixed-Income Derivatives

NON-BANKS

One of Merrill Lynch's two global co-heads of foreign exchange, T.J. Lim, has resigned to join Union Bank of Switzerland as its new global head of fixed-income and currency derivatives, officials at both institutions confirm. Lim takes up a newly-created position reporting to the bank's global derivatives head, Dr. Hans-Peter Bauer, in Zurich.

Lim was Merrill's London-based foreign exchange co-head, also in charge of global non-dollar swaps trading. A spokesperson for Merrill in London says