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Layoffs Watch '09: UBS

Apparently a "whole bunch of MDs" in UBS's prime brokerage were among those affected by the massive population structuring occurring at our favorite Swiss bank in town, having been given the heave ho yesterday. (Including in the cuts was former head of prime brokerage sales and, until recently, current head of ETD sales for the US, Howard Eisen.) The rest of the group is said to be "just waiting nervously" for their turn.