UBS has hired David Mangone from J.P. Morgan as a structured mortgage trader in New York Specifically, Mangone will trade collateralized mortgage obligation derivatives in his new role, in which he started late last month as an associate director. Kris Kagel, spokesman for UBS, confirmed the move and said Mangone reports to Michael Hirschberg, managing director.
UBS Hires CMO Derivatives Trader From J.P. Morgan