Who said see no evil, hear no evil, speak no evil doesn’t pay?
The former supervisor of Kweku Adoboli,
the UBS rogue trader who lost the firm $2.2 billion on the ETF desk in London,
got a big promotion at his new firm.
From the Financial Times: John DiBacco, who was terminated
by the Swiss bank for a failure to supervise after Adoboli’s crimes came to
light in September 2011, was hired by Getco last March and has since been
promoted to run its global equities business.
Mr DiBacco, now set to run global equities when the merger
between the firms is completed, has said he disagreed with UBS’s assessment of
his performance. He will be the Global Head of Equities Trading at Getco once
it completes its merger with Knight Capital, according to a release...
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