UBS AG (UBS.N) announced it has hired Thomas Langford to head up the bank's global energy investment banking team. Based in Houston, Langford joins UBS from Morgan Stanley (MS.N), where he spent 17 years as an investment banker covering the energy industry, most recently serving as global head of the company's energy group. Langford will replace Stephen Trauber, the former global head of energy, who joined Citigroup (C.N) late last year. Trauber said at the time that his resignation was primarily due to concerns over future compensation at the Swiss bank. Langford's addition to the U.S. investment banking team will mark the second new hire announced by UBS this week.
UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. Shares of UBS traded higher by 0.87% or $0.16/share to $18.62. In the past year, the shares have traded as low as $12.26 and as high as $20.08. On average, 3600240 shares of UBS exchange hands on a given day and today's volume is recorded at 1923506.
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.29% or $-0.07/share to $24.3. In the past year, the shares have traded as low as $22.40 and as high as $31.04. On average, 12076200 shares of MS exchange hands on a given day and today's volume is recorded at 7981800.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C traded higher by 0.34% or $0.14/share to $41.38. In the past year, the shares have traded as low as $35.30 and as high as $51.50. On average, 42771200 shares of C exchange hands on a given day and today's volume is recorded at 30130560.
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