UBS Warburg is on the prowl for a head of derivatives and government sales after several senior departures. David Shulman, global head of fixed-income distribution in Stanford, Conn., said the firm is in the process of reviewing its derivatives government agency businesses and has started its search for a head, but declined to give further comment, including saying whether the role is newly created.
Recent departures from the Swiss giant include Thomas Feda, executive director and marketer in the firm's cross rates group who moved to Bear Stearns (DW, 4/27). Michael Ice, managing director and head of North American structured sales, also left the firm recently. Both Feda and Ice, who could not be reached, reported to Shulman.
