UBS to assume control of ventures with LTCB

Article Abstract:

UBS AG, a bank based in Switzerland, will totally own its asset-management joint venture with Long-Term Credit Bank of Japan (LTCB). Both companies each own a 50% stake in the joint venture. UBS, together with unnamed third parties, will also boost ownership of a 50:50 investment-banking joint venture with LTCB to 66.67%. The remaining 33.33% will stay in the hands of LTCB. Luqman Arnold, chief executive officer of UBS Asia/Pacific, said the deal reflects the company's commitment to the Japanese market.

Comment:

Will totally own its asset-management joint venture with Long-Term Credit Bank of Japan

Japan, Asset sales & divestitures, Acquisitions & mergers, UBS AG, Long-Term Credit Bank of Japan

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Meditor to help investors hedge Europe stock bets

Article Abstract:

Meditor Capital Management, a manager of hedge funds that plans to place investments into stocks in Europe, appoints Talal Shakerchi as its new director. Meditor Capital Management plans to introduce a Bermuda-registered hedge fund and looks to capitalize on European investors' fear of overvalued markets. Hedge funds in Europe are enjoying excellent demand from investors as a result of the fear of overvalued equity markets and investors' improved investing savvy.

Comment:

Appoints Talal Shakerchi as its new director

Europe, Meditor Capital Management

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Spinoff is delayed for UBS Capital due to stock slump

Article Abstract:

UBS Capital's planned spinoff from UBS AG is being delayed because of poor market conditions. In addition, Pierre de Weck will resign his position as chief executive of UBS Capital.

Strategy & planning, Investment Offices, Management, Appointments, resignations and dismissals, UBS Capital L.L.C., Weck, Pierre de

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