WHO'S NEWS
Jim McCaughan is expected to leave his post as president and CEO of UBS Asset Management Inc. and transfer to parent Union Bank of Switzerland's North American division. Specific details about that change and the restructuring of UBS Asset was expected to be announced late today.
Union Bank of Switzerland is merging with Swiss Bank, with the deal possibly closing this summer. George Jamgochian, the head of account management at UBS Asset, will manage the New York office until the merger is finalized
