February 2006

POSITION KEEPING

UBS Names Co-Heads of IT

UBS has chosen Neil Sarnak, currently the bank's global head of fixed-income rates and currencies IT, and John Tumilty, currently global head of equities IT, to be the new co-heads of IT for the investment bank, according to a UBS spokesperson. They replace former global CIO Philip Freeborn, who has been appointed managing director and CIO at Barclays Capital, effective as of mid-January. The UBS appointments took effect on Jan. 1, and both report to Robert Wolf, chief

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