Hedge Funds

UBS taps former Barclays prime brokerage chief

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UBS has hired Kevin Mirabile as head of U.S. business consulting, a new position within the prime brokerage unit.

The UBS business consulting group will assist prime brokerage clients with inquiries related to startup services and ongoing operations. UBS plans to expand these offerings to include strategic and advisory services related to products as well as operations.

Mirabile, based in New York, will report to Dick Del Bello, UBS's head of prime brokerage services for the Americas.

Mirabile ran Barclays Capital's collateralized finance division, which included prime brokerage operations, from 1998 until 2004. Since then, he has been