Three have jumped ship from UBS
and are headed to Royal Bank of Scotland
. Peter Tchir
, a high-yield index trader, Gary Stanco
, a high-grade bond salesman and Brett Brown
a high-grade bond trader have all left. Brown and Stanco resigned Tuesday. It is unclear who will replace them and it is unclear what they will be doing and who they will be reporting to at RBS. A UBS spokesman couldn't immediately comment nor could an RBS spokeswoman.
Calls to Brown and Stanco at their respective desks were referred to colleagues who said they had resigned on Tuesday. A call to Tchir's cell phone was not immediately returned.
Some in the market said that with Royal Bank of Scotland opening up a Stamford office, UBS could become an easy target and more hires may be coming.