A top analyst at UBS has taken a leave of absence after his inclusion of the phrase “Chinese pigs” in research commentary.
A top analyst at UBS UBS, -1.28% has taken a leave of absence after his inclusion of the phrase “Chinese pigs” in research commentary this week on the country’s rising pork prices triggered an outcry among the Chinese financial community.
His commentary sent tremors throughout Hong Kong’s community of Chinese financial professionals. A letter from the Chinese Securities Association of Hong Kong called for Donovan’s dismissal. Haitong International, the overseas arm of a Chinese brokerage, said they had suspended dealings with UBS.“We confirm that we have asked Paul to take a leave of absence as we review this matter, to evaluate whether furthers steps need to be taken,” said a UBS spokesperson on Friday.
Hao Hong, head of research at Bocom International, wrote in a tweet on Wednesday that “some saying it’s an unfortunate misunderstanding. But it’s hard to believe that many smart people in Chinese finance community collectively misunderstood this comment.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Haitong International Securities cuts business ties with UBS after 'Chinese pig' commentHaitong International Securities cuts business ties with UBS, following a comment about Chinese pigs made by the Swiss bank’s global chief economist
Consulte Mais informação »
UBS Economist’s ‘Chinese Pig’ Comment Hits a NerveAn errant comment from a London-based economist at UBS Group has sparked furor among Chinese securities professionals—even after he apologized.
Consulte Mais informação »
UBS Economist Forced to Apologize After ‘Chinese Pig’ Comments Trigger OutragePaul Donovan, a top economist at Zurich-based bank UBS was forced to apologize for comments about 'Chinese pigs' following social media backlash.
Consulte Mais informação »
UBS global chief economist grilled in China for comment on pigsA flippant reference to pigs in an inflation analysis by UBS Group AG's glo...
Consulte Mais informação »
China's Haitong International cuts UBS business ties over pig commentHaitong International Securities has cut ties with UBS after a comment about Chi...
Consulte Mais informação »
Furor builds over UBS official’s ‘insensitive’ remark about ChinaThe furor surrounding comments by a top UBS Group AG’s official about a “Chinese pig” intensified, with a group of financial institutions in Hong Kong urging the bank to fire all people involved in the incident and show greater remorse.
Consulte Mais informação »