Senior UBS FX, Metals Traders Among 11 Said to Face Swiss Probe
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UBS AG co-chief currency dealer Niall O’Riordan is one of 11 individuals the Swiss finance regulator has told are under investigation as part of its currency-rigging case, people with knowledge of the matter said.
The Financial Market Supervisory Authority wrote to O’Riordan, Chris Vogelgesang, the bank’s former global co-head of foreign exchange and precious metals, and precious-metals trader Andre Flotron notifying them of possible enforcement action, said two people, who asked not to be identified because the letters are private. The investigation is ongoing and no findings of fault have been made against any of the individuals.