George Athanasopoulos UBS Takes the Helm in Risk Management

George Athanasopoulos, a seasoned risk management expert, took the helm at UBS, bringing a wealth of experience in navigating complex financial markets.

At UBS, Athanasopoulos led the bank's risk management efforts, leveraging his expertise to mitigate potential losses and optimize returns.

With a strong background in risk management, Athanasopoulos was well-equipped to tackle the challenges facing UBS during his tenure.

George Athanasopoulos is a highly respected professional with a wealth of experience in the finance industry.

As Co-President of the Investment Bank, he plays a crucial role in shaping the bank's investment strategies.

He is also a member of the UBS Group Executive Board, which oversees the overall direction of the company.

George Athanasopoulos serves as the Chief of Staff, providing strategic support to the leadership team.

His expertise in compliance and operational risk control is evident in his role as Head of Compliance & Operational Risk Control.

Risk Management was a top priority for George Athanasopoulos during his time at UBS. He believed that dealers had to be leaner due to growing capital and cost pressures.

To achieve this, Athanasopoulos encouraged dealers to focus on liquid instruments and trade electronically whenever possible. This approach has become standard practice today.

Hedge funds are increasingly using bonds to hedge against Bunds and OATs, which is a testament to Athanasopoulos' forward-thinking approach to risk management.

George Athanasopoulos has been promoted to global co-head of foreign exchange, replacing Arie Adler at UBS in London.

Arie Adler has stepped down from the top role but is still employed by the bank in New York, although his plans are not yet known.

The change in leadership at UBS highlights the importance of adaptability in risk management, as institutions must be prepared to adjust to shifting market conditions and personnel changes.

In the world of risk management, cutting hedging costs is a top priority for many dealers. Growing capital and cost pressures mean they have to be leaner, focusing on liquid instruments and electronic trading wherever possible.

Dealers are cutting hedging costs by focusing on liquid instruments. This approach is becoming more common as the industry adapts to changing market conditions.

The use of bonds to hedge Bunds and OATs is on the rise, driven by declining swap correlations. This trend is expected to continue as hedge funds seek to optimize their hedging strategies.

By adopting a more electronic trading approach, dealers can reduce their hedging costs and improve their overall efficiency. This is a key takeaway from the experiences of dealers who have successfully implemented this approach.

George Athanasopoulos übernimmt die Führung des Segments.

Athanasopoulos hat bisher Co-Leiter des Bereichs für die globalen Märkte in der Investmentbank und wird diese Position auch weiterhin ausführen.

Er berichtet in der neuen Rolle an Investmentbank-Chef Rob Karofsky und an die beiden Co-Chefs vom Global Wealth Management: Iqbal Khan und Tom Naratil.

Josef „Joe“ Stadler wird als geschäftsführender Vize-Vorsitzender im Global Wealth Management angesiedelt.

Stadler arbeitet künftig direkt mit Khan zusammen.

Es gab in den vergangenen Monaten Meinungsverschiedenheiten zwischen den Führungskräften der Investmentbank und dem Global Family Office.

Die neue Einheit soll ein agileres Arbeiten ermöglichen, indem die verschiedenen Divisionen künftig interdisziplinär zusammenarbeiten.