UBS AG's Canadian securities business has new co-heads on its trading desk, naming a cross-border duo that emphasizes the bank's pitch that it's a top trader of Canadian stocks both in Toronto and New York.
UBS promoted Matt Michalski and Lisa Petrelli to be co-heads of Canadian cash equity trading. Both are long-time UBS employees. They replace Larry Acton, who departed UBS last year after a two-year stint at the firm.
UBS has long been one of the biggest foreign banks in Canada when it comes to equity trading.