People: UBS Fills Out Hong Kong Prime Brokerage

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UBS announced two new hires in Hong Kong: Avijit Choudhury leaves Bloomberg to joins the bank's systems desk, while Henri Arslanian was named associate director for structuring and regulation consulting. UBS has also added staff in sales, capital introductions, and investor relations to the office. [Finalternatives]

BNP Paribas Corporate & Investment Banking named Mads Hultgreen head of commodity derivatives European hedge fund sales. Hultgreen will fill the newly created position and serve as co-head of BNP Paribas's global commodities hedge fund business with Caroline Abramo. [Hedge Funds Review]

Standard & Poor's named Grace Osborne as business leader for U.S. mortgages within structured finance ratings.

RBS appointed Kenneth Tung as Asia-Pacific head of financial institutions. Tung had been in the same role at Lazard. [WSJ]

Morgan Stanley named Ex-UBS banker Sean Chao as its Taiwanese CEO. [FinanceAsia]