UBS suffers another prime brokerage departure

Andrew Sinclair, executive director of Asian prime brokerage at UBS has resigned. Sinclair has spent four years with UBS based in Hong Kong and was one of the first people the firm brought on the ground in Asia to build up its regional prime brokerage business from scratch. Sinclair led UBS' sales and marketing effort, which saw the firm's regional hedge fund accounts rise from zero to 40.