UBS Appoints Philip Brides as Senior US Portfolio Manager for Currency Allocation

UBS Global Asset Management, the banking conglomerate’s asset management division, has named Philip Brides as its newest Senior Portfolio Manager for asset allocation and currency operations in the US.

UBS has been relatively quiet as of late, following a period of regulatory attention, suspensions of personnel, and a bid for immunity amid a global Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term scandal. With Q2 of 2014 under way however, many issues that have plagued the bank in recent months appeared to have been allayed or sequestered.

Currency and asset management is a hallmark of UBS and the decision to bring in Mr. Brides represents a sound move given his robust background in this realm. Mr. Brides joins UBS, having previously served as Managing Director at BlackRock Inc since 2002. As such, he has a penchant for understanding investments and the market in the US, which should be instrumental in helping in his new role that will entail steering the company’s Global Investment Solutions growth and income portfolios.

The Global Investment Solutions group provides clients with a variety of services and investment solutions that permeate multiple-asset classes.