UBS Poaches Tech Executive From Credit Suisse
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UBS is nabbing a prominent technology executive from crosstown rival Credit Suisse. It is the second such hire in short order.
The Swiss bank is poaching David Tobin from Credit Suisse as its head of risk technology, a source familiar with the hire said. A spokesman for UBS confirmed the hire.
Tobin relocates to Zurich for the job, effective October 19 and reports to Julie Shapiro, the Swiss bank’s head of risk and financial technology. He is currently the head of Credit Suisse’s investment bank credit risk as well as technology chief in Poland.
The hire marks is the second high-ranking technologist UBS has poached from Credit Suisse in recent months: the larger bank also poached Jason Shane, a ten-year Credit Suisse veteran, as its new head of compliance, regulatory, and governance technology earlier this year.
Questions & Answers
Q.Which specific role is David Tobin taking on at UBS?
Which specific role is David Tobin taking on at UBS?
David Tobin is being appointed as UBS's head of risk technology. He will report directly to Julie Shapiro, who is the Swiss bank’s head of risk and financial technology, and will relocate to Zurich for the position.
Q.What was David Tobin's previous role at Credit Suisse?
What was David Tobin's previous role at Credit Suisse?
At Credit Suisse, David Tobin held two key positions. He was the head of the investment bank's credit risk department and also served as the technology chief for their operations in Poland before moving to UBS.
Q.Has UBS recently hired other senior technology staff from Credit Suisse?
Has UBS recently hired other senior technology staff from Credit Suisse?
Yes, UBS has previously hired another senior technologist from Credit Suisse this year. Jason Shane, who had a decade of experience at Credit Suisse, joined UBS as its new head of compliance, regulatory, and governance technology.
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