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Derivatives

UBS Lures LatAm Big Shot From Toronto Dominion

UBS has hired Ron Goldshmidt, a Latin American trading head at TD Securities in Toronto, in the new position of director, heading up Latin American trading in Stamford, Conn. The move is part of UBS' efforts to expand its global emerging market business, according to Kris Kagel, spokesman in New York. In his new role Goldshmidt will be responsible for bonds and derivatives, such as convertible currency swaps, with his initial focus being on Mexico. Goldshmidt could not be reached.

Goldshmidt reports jointly to Steve Kenny, managing director in Stamford, and Todd Morakis, managing director in Tokyo, according to Kagel.

Kelly Hechler, spokeswoman at TD Bank in Toronto, did not return calls.

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