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UBS Takes `Action' After Fistfight Is Reported on Trading Floor in Sydney
By Angus Whitley -
UBS AG, Australia’s top equity underwriter, said it has dealt with an incident that local newspapers described as a fistfight between two workers on the bank’s trading floor in Sydney this week.
“Action has been taken,” Erica Borgelt, a Sydney-based spokeswoman for Switzerland’s biggest bank, said by phone today. “The matter has been dealt with internally.” She declined to comment further.
The employees involved in the bust-up, who had known each other for 15 years, had to be separated by colleagues after a disagreement over a stock transaction, the Australian reported today. According to the Australian Financial Review, one co- worker who attempted to break up the pair -- referred to by the newspaper as senior managers -- was also hit.
UBS, based in Zurich, took 28 percent of the Australian equity underwriting market in 2010, more than triple that of second-ranked JPMorgan Chase & Co., according to data compiled by Bloomberg. UBS has topped that list for five consecutive years.
Calls to the pair identified in the newspaper reports were answered by colleagues, who took messages on their behalf. The calls hadn’t been returned by mid-afternoon in Sydney.
To contact the reporter on this story: Angus Whitley in Sydney at awhitley1@bloomberg.net
To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net
UBS Takes `Action' After Fistfight Is Reported on Trading Floor in Sydney
By Angus Whitley -
UBS AG, Australia’s top equity underwriter, said it has dealt with an incident that local newspapers described as a fistfight between two workers on the bank’s trading floor in Sydney this week.
“Action has been taken,” Erica Borgelt, a Sydney-based spokeswoman for Switzerland’s biggest bank, said by phone today. “The matter has been dealt with internally.” She declined to comment further.
The employees involved in the bust-up, who had known each other for 15 years, had to be separated by colleagues after a disagreement over a stock transaction, the Australian reported today. According to the Australian Financial Review, one co- worker who attempted to break up the pair -- referred to by the newspaper as senior managers -- was also hit.
UBS, based in Zurich, took 28 percent of the Australian equity underwriting market in 2010, more than triple that of second-ranked JPMorgan Chase & Co., according to data compiled by Bloomberg. UBS has topped that list for five consecutive years.
Calls to the pair identified in the newspaper reports were answered by colleagues, who took messages on their behalf. The calls hadn’t been returned by mid-afternoon in Sydney.
To contact the reporter on this story: Angus Whitley in Sydney at awhitley1@bloomberg.net
To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net
