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Derivatives

Naro Resigns From UBS

Sal Naro, co-global head of fixed income, has resigned from UBS.

Sal Naro, co-global head of fixed income, has resigned from UBS. His assistant said Naro is in meetings all day and could not provide comment a spokeswoman could not comment by press time. It could not be determined if UBS is making a pitch to keep him.


The move comes just two months after UBS combined its fixed income and credit businesses. UBS insiders were shocked by Naro's departure. Naro likely chose now to announce his intentions because UBS stocks options vest today, insiders said.


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