UBS Hires Foreign-Exchange Algorithmic-Trading Team From Barclays Capital

UBS AG said it hired a foreign- exchange algorithmic-trading team from Barclays Capital.

UBS hired Chris Purves as global head of foreign-exchange e-trading, Mark Meredith as head of foreign-exchange e-trading quantitative analytics and Parwinder Sekhon as head of foreign- exchange e-trading infrastructure, the Swiss bank said in an e- mailed statement.

The team will begin work in London in October and report to Chris Vogelgesang and Arie Adler, co-heads of global foreign- exchange trading, UBS said.

A Barclays spokeswoman declined to comment when contacted at the company’s London office.

To contact the reporter on this story: Matthew Brown in London at mbrown42@bloomberg.net

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