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UBS China Head of Electronic Trading Quits to Start Fintech Firm

  • Qu Hongjie left this year and was replaced by Kitty Li
  • UBS block trade execution strategy is popular in China

UBS Group AG’s head of electronic trading in China, who helped make the Swiss bank’s equity algorithmic trading strategy among the most popular in China, has left the company.

Qu Hongjie was a managing director at UBS Securities Co., heading the firm’s electronic trading business on the mainland. He left earlier this year to start his own financial technology firm, Qu said by phone on Wednesday. He declined to provide further details.