UBS opens Toronto hedge fund office

Date: Wednesday, March 1, 2006

UBS has opened a new hedge fund services office in downtown Toronto. The office will provide a complete range of hedge fund administration services for the company's North and South American hedge fund client base of international asset managers using "state or the art" technology, including web-based reporting.

"Toronto is a leading financial services centre with a concentration of corporate headquarters as well as associated professional services," says office head Pearse Griffith. "With a pool of highly qualified financial and technical employees, the city offers many businesses the opportunity to grow effectively."

Along with continuing its expansion plans in Canada, UBS says it could open an office in Asia later this year. The company currently has hedge fund services offices in the Cayman Islands, Dublin, New York and London.