FIVE YEARS AGO IN FXW

- By FX Markets Staff
- @FXMarkets_
- 01 Feb 1999

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

UBS Loses FX Manager in "Breach of Procedures"

Union Bank of Switzerland's London foreign exchange manager, Chris May, its forwards chief, David Tresadern, and senior Ecu forwards dealer, Barry Johnson, left the bank last week after what bank officials called a "breach of internal procedures".

FXW
, January 31, 1994
Editor's note:
According to market sources the problem was to do with a $10 million overstatement of profits in the bank's proprietary trading book in Ecu forwards.

Although not involved

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com