Hi elfie,

Missed you here at the fellowship!

Old news... 

But any UBS staff here? Can comment? SG office affected? 

UBS staff spooked in Singapore, but staying put

14 April 2008

Simon Mortlock

Staff at UBS in Singapore are sprucing up their CVs as job-cut rumours start to spread. One recruiter, who asked not to be named, says a few UBS bankers have already been in touch to discuss their careers.

“I’ve definitely seen more résumés coming across my desk this month. There are certainly interesting things going on at UBS. People there seem to be spooked,” he adds.

The job-loss jitters follow UBS’s announcement earlier this month of US$19bn of new asset writedowns, and the departure of chairman Marcel Ospel.

But at this stage employees are only talking to recruiters, not walking out to join rival banks. “I haven’t seen any actual hirings of UBS people yet. It’s all rumour and speculation at the moment. They want to keep their options open,” says the recruiter.

Another Singapore-based search consultant, who also preferred to remain anonymous, agrees UBS workers are nervous: “From people I know there, there’s a lot of talk about what’s going on, but that’s to be expected when you’ve just lost your CEO and you’ve just lost a lot of money. They naturally feel uncomfortable.”

Although UBS is one of the top-ranked banks in Asia, other firms do not seem to be targeting its talent. Both headhunters say competitors have not approached them about pre-emptive poaching of UBS staff.

Water can power car engines too...

Click to see ...

Since love is ephemeral by nature and yields to circumstances, then it would be pointless to talk of love 'while you have it'. Since in the end, circumstances are more likely than not to 'deal it's blow'.

Thus, are love vows  unecessary and obsolete?

Hahaha... you are right...


But if I buy or hold in a bear market (for months), one also needs a strong heart and one's  blood pressure increases no less (depending on the stakes, of course)...

Singaporegal... :)

Money can be made playing both directions ie in bear and bull markets.

If you have played short since a few months ago, you would have made good profits during the bear market...  

(If BB's can play short, then why not us too?) 

Well, I don't think we can convince her to stay put......so we can expect more volatility whenever she goes away.

Guess I better go with the flow and start learning to play short.

Shplayer... :)

Maybe she'll short the market heavily before she goes on holiday?.... hehehe...