UBS Hires Bridgewater's Challenger for Equity, O'Connor Tradingby
Challenger reports to Dawn Fitzpatrick, is based in New York
He focuses on bringing together trading teams across units
UBS Group AG hired Bridgewater Associates’ Lynn Challenger to a trading role at the Swiss bank’s asset-management unit that combined operations.
Challenger joined as head of trading for equities, multi asset & O’Connor, according to a company memo.
Dawn Fitzpatrick is bolstering staff after being named late last year to lead a new unit that combines the UBS O’Connor hedge-fund business with the equities and multi-asset investing operations. Challenger joined Monday and reports to Fitzpatrick. He is based in New York.
“Lynn brings a wealth of expertise and experience to the firm, having spent 25 years in trading global capital markets across every liquid asset class,” Fitzpatrick said in the memo. “He also has a proven track record as an impactful manager of trading operations and systems at complex global investment managers.”
Challenger worked at Bridgewater as head of execution, according to the memo. Before that, he was head of global trading at Mellon Capital Management. He started his career at O’Connor. A representative of Bridgewater had no immediate comment.