UBS Promotes Hagstrom to Oversee Prime Brokerage in U.S.

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UBS AG, Switzerland’s largest bank, named Chris Hagstrom to a newly created role as head of prime brokerage for the U.S., overseeing services for hedge funds.

Hagstrom previously led U.S. prime brokerage sales, Megan Stinson, a spokeswoman for Zurich-based UBS, said today in an e-mailed statement. The move was reported earlier by HFMWeek, a trade publication.