Globe and Mail- Global investment bank UBS Securities ramped up its coverage of the hedge fund community Monday by hiring Michael Arbus away from the sales desk at TD Securities.
Hedge funds have long been major clients of UBS Securities, something Mr. Arbus would know from his previous stint at the dealer as a UBS Securities summer intern. He was on the sales desk at TD Securities for six years.
UBS Securities had an opening on its Canadian sales team after Rick Meslin, who co-ordinated coverage of hedge funds among other responsibilities, moved up to become head of equities at the Toronto-based arm of the Swiss-owned investment bank.
