UBS âwill rebuildâ after Barrenjoey Bloody Monday
Mar 15, 2021 â 4.21pm
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UBS has pledged to rebuild its research and investment banking team after a âBloody Mondayâ raid on its top analysts and traders by local upstart Barrenjoey which is run by a group of former executives from the Swiss bank.
The Australian Financial Reviewâs Street Talk column revealed yesterday morning that UBS was told of a first wave of resignations, following the landing of deferred cash bonuses.
Among those defecting were top-rated analysts Jon Mott who covers banking and Glyn Lawcock who covers mining, and their junior partners, Dan Morgan and Minh Pham, gaming and transport analyst Matt Ryan, small caps specialist Josh Kannourakis, associate director of research Craig Stafford, and retail and consumer goods analyst Aryan Norozi.