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UBS Traders Suspended, May Be Fired After “Physical Fight” On The Floor

Earlier this week in Sydney, the head of UBS’s institutional sales desk, George Kanaan, and executive director Mark Fitzgerald were “sent home” after a gentle shove by Kanaan in Fitzgerald’s direction “quickly escalated,” with the two being separated by colleagues. They were told to leave the building immediately and have not been allowed back since Tuesday.

Today Kanaan and Fitzgerald, who have “known and worked with each other in financial and trading circles for the past 15 years,” will be told whether or not they still have jobs. More important however, is determining how the fight got started. Supposedly the altercation “broke out over the handling of a line of stock during the trading session” but is that cause for punching someone? Seems like there must be a little more to this thing. According to an email thread about the incident, “Kanaan started it and Fitzgerald finished it…Obviously the PA they likely employed last week was hotter than they thought!” Not really sure what that means though it sounds like perhaps a lady was part of the dispute. Anyway! Your speculation is welcome at this time.

UBS Probes Trading Room Scrap [Australian]

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109 Responses to “UBS Traders Suspended, May Be Fired After “Physical Fight” On The Floor”

  1. Anonymous says:

    UBS,,, Oh, never mind.

  2. Guest says:

    Dingo ate his baby.

    • trojan says:

      Kanaan: That’s not a knife. THIS is a knife.
      Fitzgerald: That’s not a knife, that’s a spoon.
      Kanaan: I see you’ve played knifey-spoony before.

  3. Guest says:

    Clearly they were fighting over whether UBS s%cks or not.

  4. InnuendoFTW says:

    Amanda Drury with the full scoop about this heated exchange between the two… Mandy?

  5. Gorilla says:

    It’s no big deal. This kind of thing happened all the time at Lehman

  6. Mankind7 says:

    There should be an Octagon built for the finance industry, would be great to storm into GS or UBS and choke slam a few people

  7. Random Guest says:

    UBS Sucker Punches.

  8. Pfluger the Barbarian says:

    It has to be over a woman. All altercations, fights, wars, etc. always boil down to the same ultimate root cause – pussy – even if the contestants don’t realize it at the time.

  9. Guest says:

    I stopped reading at “UBS Traders”

    -Average WS person-

  10. Anonymous says:

    This needs a FIST PUMP!!!!

  11. Anonymous says:

    Went to a fight and trading broke out…

  12. Gozer says:

    The fight was over who was going to get the offer to head the custodial staff at Primerica

  13. Lindsey says:

    Isn’t the head of the sales desk getting fired kind of a big deal?

  14. Gorilla Snacks says:

    All I want to know is if there was any digit insertion……

  15. God says:

    My total comp: 70k base, 70k bonus (cash). I am God.

    UBS 1st year analyst
    TMT group
    NY, NY

  16. Supraman says:

    I don’t see what the big deal is. This is Australia where a drunken brawl is just another way of saying “good morning.”

  17. CoveredLong says:

    They work for UBS – probably just got confused over what it meant to trade physical.

  18. Spanishmoon says:

    Geez – I’m sure getting old. Back in the day, the winner would have gotten promoted.

  19. Richard Cripples says:

    HR Rep: Ok, messrs Kanaan and Fitzgerald, would either one of you mind explaining to me what the hell happened?
    Fitzgerald: Well, I was in Sydney, just minding my own business, when “Wham” Kanaan shoves me…
    Kanaan: Bullshit, I was in Sydney and Fitz made a comment about my performance!
    [In walks a random female]
    HR Rep: Ok… excuse me miss? Miss who are you? What is your name?
    Unidentified woman: I’m Sydney…

    • Lindsey says:

      Especially funny because I’m in class with a hot professor named Sydney

      • Anonymous says:

        Haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa……. that’sss so dummbb

        – Guy who can’t get over AT&T commercial

  20. Richard Cripples says:

    HR Rep: Ok, messrs Kanaan and Fitzgerald, would either one of you mind explaining to me what the hell happened?
    Fitzgerald: Well, I was in Sydney, just minding my own business, when “Wham” Kanaan shoves me…
    Kanaan: Bullshit, I was in Sydney and Fitz made a comment about my performance!
    [In walks a random female]
    HR Rep: Ok… excuse me miss? Miss who are you? What is your name?
    Unidentified woman: I’m Sydney…

  21. Doode says:

    Ahhh!!! It is spreading – from Middle East to Wisconsin to UBS now. No one is safe!!! Communist/Islamofascist/UBS Trader conspiracy is self-evident!

    – Glenn Beck

  22. Doode says:

    Ahhh!!! It is spreading – from Middle East to Wisconsin to UBS now. No one is safe!!! Communist/Islamofascist/UBS Trader conspiracy is self-evident!

    – Glenn Beck

  23. Doode says:

    Ahhh!!! It is spreading – from Middle East to Wisconsin to UBS now. No one is safe!!! Communist/Islamofascist/UBS Trader conspiracy is self-evident!

    – Glenn Beck

  24. N Wacker Stud says:

    Hey Kanaan, you pussy, meet me at Minetta’s. Smack me in the face with a platypus so I know its you.

  25. Watson:
    Probability that UBS sucks:
    ====================
    99.999999% – they suck
    0.0000019 – cocaine
    0.00000011 – they don’t suck

  26. polash says:

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    Gifts

  27. Guest says:

    Sydney- how could you. So Un-Australian.

    -Melburnian living in the USA

  28. Peyton Manthing says:

    #24 Avoid anyone on Wall Street dumb enough to pick a fight with Bess Levin.

  29. UBS Sucks says:

    Ughhh! UBS Sucks! Fuck Bleustein!

  30. UBS Sucks says:

    Ughhh! UBS Sucks! Fuck Bleustein!

  31. Anonymous says:

    Did the Dingo eat their babies?

  32. Walter says:

    Do you see what happens when you FUCK a STRANGER in the ASS???

  33. Walter says:

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  34. Homer Thompson says:

    Bullfrogs? That’s an odd name! I’d have called ‘em chazzwozzers.

  35. Johnson says:

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    Bess is funny too.

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