UBS creates combined credit trading group in Asia-Pacific

UBS has decided to combine its Asian, Australian and Japanese credit trading businesses into a single Asia-Pacific credit trading division. It has appointed Michael Halloran as co-head of the merged group.

Halloran joins from Nikko Citigroup in Tokyo, where he was managing director and head of credit trading in Japan. He will join UBS on June 14, working with Lee Knight, the other co-head of credit trading, Asia-Pacific. Knight was previously managing director and head of global credit derivatives, Asia-Pacific, at UBS in Tokyo. The new credit trading division will manage both cash and derivatives trading activities.

Halloran will report to Sal Naro, managing director and global head of credit derivatives, and Steve Bell, global head of credit trading. Regionally, Halloran will report to Sharon Mitchell, regional head of fixed-income, interest rates and currencies, Asia-Pacific.