CNN Money – John Costas, who helped make UBS AG into one of the world’s biggest investment banks, wants to build a lasting Wall Street player — and put the 2007 demise of hedge fund Dillon Read Capital Management behind him.

Costas and long-time partner Michael Hutchins have launched The PrinceRidge Group, a boutique broker-dealer that is, for now, focused on trading mortgage and corporate debt.

Over time, though, he intends to expand into a mid-size investment bank, seizing "unprecedented" opportunities created by the shake-up on Wall Street.

Read Complete Article

Comments are closed.

Tags:
broker-dealer, cnn, cnn money, corporate debt, demise, dillon read capital management, hedge fund, investment-bank, investment-banks, john costas, long-time, michael hutchins, mid size, mortgage, partner michael, time partner, ubs, ubs-ag, wall street