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The co-chiefs of global equities, the division where the loss occurred, also subsequently left UBS.
The eventual partial recovery of global equities, as fear inevitably dissipates, should do the rest.
The co-chiefs of global equities, the division where the loss occurred, also left the firm.
Hugh Young, head of global equities at Aberdeen Asset Management, expressed interest in an eclectic range of stocks.
"It's not a question about research independence," said Robert Steel, the head of global equities for Goldman.
He joins TIAA-CREF from Goldman Sachs, where he was a managing director and head of global equities compliance.
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He will be succeeded by Mark Fulton, who has been chief operating officer of global equity research.
WILLIAM R. KENNEDY Jr. Manhattan, June 4 The writer is director of global equity research at Smith Barney.
He previously worked at Merrill Lynch, where he was a co-head of global equity markets.
The other, John B. Hoffmann, director of global equity research, will retire in December after 38 years at the company.
After falling 22 percent from their April highs, global equities are likely to remain tricky," wrote Garry Evans, head of global equity strategy at HSBC in Hong Kong.
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