UBS Reorganizes, Creates New DCM Division Headed by Mike Davidson
- UBS AG has reorganized one of its divisions to help bridge the gap and foster cohesion between public and private entities, naming Mike Davidson as its Global Head of Debt Capital Markets and Client Solutions (DCMCS).
UBS AG has reorganized one of its divisions to help Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term the gap and foster cohesion between public and private entities, naming Mike Davidson as its Global Head of Debt Capital Markets and Client Solutions (DCMCS).
The new construct will place a UBS mainstay in charge of several regional markets in a bid to merge public and private client interests together. Mr. Davidson will be named the Head of Americas DCMCS, with a further position for an Asian and European slated for announcement shortly.
Executive Shuffle
Mr. Davidson previously ran Debt Capital Markets (DCM) with Fabio Lisanti, who is now on the move himself. Mr. Lisanti's role will be reorganized and he will report to the respective heads of UBS’ Americas, Europe, Middle East and Africa (EMEA), and Australia-Pacific (APAC) heads, i.e. Steve Cummings, William Vereker and Matthew Hanning. His new role will be a consolidation of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, rates and credit responsibilities. Moreover, Mr. Lisanti will serve as a chair on the DCMCS executive.
Mr. Davidson has a long history at UBS, joining the banking group in 1997. Over the years he has held several senior management roles in Corporate Derivatives Marketing (1997-2003), Head of US Corporate Derivatives (2003-2007), Head of Debt Capital Markets, Americas (2007-2009), and most recently the Joint Global Head of Debt Capital Markets (2009-2014).
UBS AG has reorganized one of its divisions to help Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term the gap and foster cohesion between public and private entities, naming Mike Davidson as its Global Head of Debt Capital Markets and Client Solutions (DCMCS).
The new construct will place a UBS mainstay in charge of several regional markets in a bid to merge public and private client interests together. Mr. Davidson will be named the Head of Americas DCMCS, with a further position for an Asian and European slated for announcement shortly.
Executive Shuffle
Mr. Davidson previously ran Debt Capital Markets (DCM) with Fabio Lisanti, who is now on the move himself. Mr. Lisanti's role will be reorganized and he will report to the respective heads of UBS’ Americas, Europe, Middle East and Africa (EMEA), and Australia-Pacific (APAC) heads, i.e. Steve Cummings, William Vereker and Matthew Hanning. His new role will be a consolidation of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, rates and credit responsibilities. Moreover, Mr. Lisanti will serve as a chair on the DCMCS executive.
Mr. Davidson has a long history at UBS, joining the banking group in 1997. Over the years he has held several senior management roles in Corporate Derivatives Marketing (1997-2003), Head of US Corporate Derivatives (2003-2007), Head of Debt Capital Markets, Americas (2007-2009), and most recently the Joint Global Head of Debt Capital Markets (2009-2014).