MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 28, 2010 UBS' Americas Asset Management Chief Takes a Leave of Absence UBS' U.S. mutual fund business reports to a new master. The MFWire has learned that Kai Sotorp, head of global asset management in the Americas, is stepping down immediately, to be succeeded by Shawn Lytle, deputy global head of equities. Sotorp will be sticking around for a month to help with the transition before taking some time off. "He [Sotorp] is taking a three-month leave and then he'll be back taking a to-be-determined role in asset management," confirmed Kris Kagel, a spokesman for UBS. In his new post, Lytle reports to John Fraser, chairman and CEO of global asset management. Sotorp first took over asset management in the Americas six years ago, after leading UBS' Asian asset management business. Printed from: MFWire.com/story.asp?s=32043 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |