UBS Promotes O’Connor CIO Fitzpatrick in Fund Unit Revamp
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UBS AG, Switzerland’s biggest bank, promoted Dawn Fitzpatrick, the investment chief of the firm’s $5.2 billion O’Connor hedge-fund business, as the company seeks to increase assets under management.
Fitzpatrick, 43, will take on all responsibilities for running O’Connor and will report directly to John Fraser, who runs the Zurich-based bank’s global asset-management division, according to an e-mailed statement. Bill Ferri, 47, who was Fitzpatrick’s boss as head of the Alternative and Quantitative investments business, will instead focus on running the $25.4 billion fund-of-funds unit, according to the statement.