UBS AG has restructured its foreign exchange, interest rates and credit (FRC) unit with the addition of Dylan Roy as the newest Head of the group’s Americas division, according to a recent Reuters report.
Mr. Roy will be succeeding Kevin Arnold, who is slated to move into the newly created role of Global Head of Senior Relationship Managers in investor client services at UBS. Presently, Mr. Roy is tasked with heading UBS’ US rates trading unit.
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In his new role as the Head of FRC at UBS, Mr. Roy will manage an assortment of operations, relegated principally to the Americas region.
Per the move, UBS’ senior relationship managers for equities, including Philip Dodds and Mickey Strasser, as well as their counterparts for the FRC unit, Henry Knapman, Chris DeMarco, and Hunter Jamieson, will be reporting to Mr. Arnold.
Last month, UBS made headlines after Advanced Markets announced that it would be adding UBS as its newest liquidity provider (LP) to its Direct Market Access (DMA) platform. The inclusion of UBS helps solidify the offering of Advanced Markets to a total of ten LPs six months after prime brokers announced a series of stricter liquidity provisions in the aftermath of the Swiss National Banking (SNB) decision this past January.