UBS Global Asset Management, the banking conglomerate’s asset management division, has named Philip Brides as its newest Senior Portfolio Manager for asset allocation and currency operations in the US.
UBS has been relatively quiet as of late, following a period of regulatory attention, suspensions of personnel, and a bid for immunity amid a global Forex scandal. With Q2 of 2014 under way however, many issues that have plagued the bank in recent months appeared to have been allayed or sequestered.
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Currency and asset management is a hallmark of UBS and the decision to bring in Mr. Brides represents a sound move given his robust background in this realm. Mr. Brides joins UBS, having previously served as Managing Director at BlackRock Inc since 2002. As such, he has a penchant for understanding investments and the market in the US, which should be instrumental in helping in his new role that will entail steering the company’s Global Investment Solutions growth and income portfolios.
The Global Investment Solutions group provides clients with a variety of services and investment solutions that permeate multiple-asset classes.