Wednesday's Headlines: Goldman's Closing Two Prop-Trading Units

Goldman Sachs is closing two trading units that made bets with the firm's own capital. [Bloomberg]

UBS has reshuffled its senior management team - again. [FT]

Kohlberg Kravis Roberts hired a York Capital Management managing director as it expands its European special situations business. [Finalternatives]

Milwaukee-based Robert W. Baird & Co. has pushed further into energy coverage and is adding bankers in this area. [Milwaukee Business Times]

JPMorgan is the top energy dealer in the commodities market, surpassing Goldman Sachs and Morgan Stanley. [Financial News]

Registered investment advisers are playing an increasingly important role in managing wealth assets. [Bloomberg]