UBS has named Bill Johnson as head of a new e-services division, where he will oversee the UBS Group’s Internet-based initiatives and projects across the bank’s five divisions.
Johnson was previously the global head of treasury products, overseeing FX, repos and short-term interest rates within the Warburg Dillon Read (WDR) investment banking division. Johnson was part of the original Chicago-based O’Connor and Associates team that was absorbed by Swiss Bank Corporation in 1991.
Siciliano, who is currently based in the bank’s Stamford, CT, dealing room, has been overseeing global FX and derivatives since the mid-1990s. In 1994 he transferred from Chicago to Singapore to build that operation, but relocated to London in 1997 to work alongside co-head of global FX, Simon Jagot. He moved to Connecticut earlier this year, where he remains for the time being.
At UBS, Johnson is a member of the Group Managing Board, and will report directly to the group CEO Marcel Ospel.
Jagot and Andy Amschwand succeed Johnson as head of treasury products, reporting to John Costas, global head of fixed income for WDR.
Jagot was previously co-heading foreign exchange with Johnson, concentrating on the sales side of the business, so he will add the trading responsibilities to his brief, while Amschwand will look after the cash and collateral side of the business.