- White has moved to investor client services unit in London
- She headed prime brokerage sales in Asia-Pacific for six years
Tamera White, UBS Group AG’s Asia-Pacific head of prime brokerage sales for the last six years, has moved to another role with the Swiss bank in London.
White, who led sales out of Singapore for the team that provides services to hedge funds, has moved to the bank’s investor client services division in London, which caters to corporate, institutional and other investors, according to Julie Yeo, a UBS spokeswoman.
Prime brokers provide services such as clearing trades, lending cash and securities to hedge funds and connect them with potential investors. UBS’s Asia prime brokerage sales team will now report directly to Tim Wannenmacher, the Hong Kong-based regional head of global financing services, Yeo said.
“Her transfer does not change our commitment to Singapore, where we continue to maintain a strong prime brokerage presence, and the product overall,” Wannenmacher said in an e-mail.
In the Asia-Pacific region, UBS is the fourth-largest prime broker, controlling an estimated 11 percent of the $227 billion in hedge fund assets, according to a survey released by trade journal AsiaHedge in June. Intensifying competition among prime brokers and concentration of assets in large funds have led banks to pick their clients carefully, AsiaHedge said in the report.
White, previously known as Tamera Hodges, moved to Hong Kong from London in 2010, when she was appointed regional head of prime brokerage sales. She later relocated to Singapore. She had had an earlier stint in Hong Kong, helping set up UBS’s prime brokerage business in region before transferring to London.
UBS’s investor client services group includes equities, currency, rates and credit trading for corporate, institutional investors and its wealth-management clients, as well as post-trade services and other partnerships.