UBS Reviewing Role of Six Bankers Behind Swiss Client FX Losses

UBS Reviewing Role of Six Bankers Behind Swiss Client FX Losses

UBS Group AG is reviewing the role of six relationship managers who sold complex currency derivatives to Swiss clients who didn’t fully understand the risk, according to people familiar with the matter.

UBS Probes Role of Client Advisors Over Currency Derivatives

The fallout from the sale of high-risk currency derivatives appears to be widening. UBS is reportedly reviewing the conduct of six client advisers involved in selling the complex products. According to a «Bloomberg» report, the Swiss banking giant is scrutinising the role of these advisers after they sold complex currency derivatives to clients in Switzerland who allegedly did not fully understand the associated risks. Sources familiar with the …

UBS Reviews Conduct of Several Client Advisors

The case involving the sale of high-risk currency derivatives appears to be having consequences. UBS is reportedly reviewing the actions of six client advisors.