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Tuesday, February 12, 2013

UBS financial services co-head De Vitry to leave -sources, (NASDAQ: FISI)

The co-head of UBS's financial institutions group (FIG) in Europe, Edouard de Vitry, is leaving the bank in the latest high level restructuring in its investment bank division, three people with knowledge of the situation said on Tuesday. Javier Oficialdegui, the other co-head of the FIG unit who was brought in by UBS's new head of investment banking Andrea Orcel, will be sole leader of the advisory team after De Vitry's departure, one of the people said.

Financial Institutions, Inc. (FII) is a financial holding company. Shares of FISI traded higher by 1.87% or $0.37/share to $20.15. In the past year, the shares have traded as low as $15.22 and as high as $20.83. On average, 20623 shares of FISI exchange hands on a given day and today's volume is recorded at 1391.