UBS Warburg is looking to hire two asset-backed analysts to cover the European market and one public sector analyst. One ABS hire will be a replacement and the other a newly created position, says Helen Clement, global head of credit research in London, where the two would be based. At present, the firm only has one ABS analyst after its London-based analyst, Ralf Gasser, was let go amid allegations he and other UBS analysts had accessed Morgan Stanley's research Web site without authorization, according to a Bloomberg article. The public sector analyst will replace Beate Muenstermann, who left at the same time as Gasser. Clement declined to comment on the analysts' departures.